Tax and Financial Planning

• Non-Residents Beware – Ignorance of UK Tax Law is No Excuse

  • Posted27 March 2018

  About 900,000 UK citizens are long-term residents abroad, and it is no particular surprise that they may be less careful about managing their UK tax affairs than those who live...

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• What Do Points Make? Tax Penalties

  • Posted9 March 2018

  The automatic penalties attaching to late filing of tax returns have long been an unpopular issue for taxpayers. The system involves fixed penalties for missing deadlines and these are rigorously...

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• ISAs in Estates to be Tax Exempt

  • Posted21 February 2018

  One of the issues that proves difficult for executors of deceased persons who have Individual Savings Accounts (ISAs) is that the interest on them is taxable once the owner has...

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• Do You Still Believe in the 90-Day UK Tax Residency Myth? Read This!

  • Posted9 February 2018

  It is an enduringly popular misconception that all you need to do in order to establish that you are not UK resident for tax purposes is spend fewer than 90...

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• Tax Net to Loosen for Trusts, Tighten for Offshore Affairs

  • Posted22 January 2018

  In the recent Budget, the Government committed itself to a review of the operation of trust taxation in the UK. Since reforms were introduced in 2006 to counter what...

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• Minor Drafting Error Corrected – £1 Million Saved

  • Posted10 January 2018

  Under Inheritance Tax (IHT) law, certain types of trust have a ten-yearly charge to IHT on the value of the trust assets. The legislation, which imposes IHT of 6 per...

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