Tax and Financial Planning

• Trusts Are Handy But Can Be Hazardous – Always Take Advice

  • Posted14 July 2020

  Trusts can be an invaluable means of providing for vulnerable loved ones, but they need careful handling by a professional if they are not to have serious unforeseen consequences. In...

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• COVID-19 Crisis Forces Change to UK IHT Payments and Returns Processes

  • Posted12 June 2020

  HMRC are scrapping cheques for the payment and repayment of Inheritance Tax (IHT) and temporarily accepting printed signatures on IHT returns, as a result of the coronavirus crisis. The...

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• Always Take Independent Professional Advice Before Investing Your Money

  • Posted27 May 2020

  Fraudulent investment schemes are perennially tempting to the unwary and it really does make sense to take independent professional advice before parting with your money. In one case, the High...

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• Professional Gambler Fends Off £290,000 Income Tax Demand

  • Posted5 May 2020

  HM Revenue and Customs (HMRC) are always on the lookout for unexplained cash earnings which have not been declared for tax. However, in one case, a former professional gambler was...

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• Inheritance Tax Mitigation Scheme Ends in Abject Failure

  • Posted17 April 2020

  If offered the opportunity to shelter their homes against future Inheritance Tax (IHT) liabilities whilst retaining the right to live in them rent free, most people would jump at the...

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• When Is a Property ‘Completed’? DIY House Builder Wins VAT Rebate

  • Posted3 April 2020

  DIY house builders are entitled to refunds of VAT they pay on materials used in their projects. However, as a decision of the First-tier Tribunal (FTT) showed, seeking such rebates...

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