Tax and Financial Planning

• HMRC Provide Calculator for New IHT Relief

  • Posted24 July 2017

  Like many pieces of tax legislation, the ‘additional threshold’ (AT) for Inheritance Tax (IHT) – which, in simple terms, limits the potential IHT charge on high-value residential properties – is...

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• Your Right to Claim Tax Relief on Losses Dies With You

  • Posted10 July 2017

  You can claim tax relief if assets that you have acquired become worthless or loans that you have advanced prove to be irrecoverable. However, in a case that will be...

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• Have You Checked Your Investment Adviser’s Credentials?

  • Posted23 June 2017

  Investment advice is best obtained from authorised professionals and it is unwise to rely on friends’ recommendations, no matter how trustworthy they may appear. In one case that proved the...

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• Tax Law No Respecter of (Cultural) Tradition

  • Posted9 June 2017

  An argument that assets which HM Revenue and Customs (HMRC) said belonged to a deceased man (and were thus subject to Inheritance Tax) were actually owned in whole or in...

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• Financial Advice to Become More Common?

  • Posted23 May 2017

  We have often written about the dangers of taking advice from unqualified and/or unregulated advisers. A recent change in the regulations surrounding financial advice will cause some concern for those...

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• Bank Mistake – HMRC Still Levy Penalty

  • Posted10 May 2017

  When a taxpayer named Mr Coomber sent his cheque by post to HM Revenue and Customs (HMRC) to settle his tax demand, he thought that would be the end of...

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