Tax and Financial Planning

• Charitable Principle Not Enough

  • Posted16 December 2016

  It seems trite to say that the law is what the law is, but in cases where a decision is reached that is correct under the law but which seems...

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• Will Your Property Be an IHT Trap?

  • Posted2 December 2016

  Data published recently show that the new £100,000 additional ‘private residence’ exemption for Inheritance Tax (IHT), which is due to be introduced in April 2017 and will increase thereafter, could...

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• Tax Avoidance Schemes – Take Care

  • Posted17 November 2016

  Entering into tax avoidance schemes is not for the faint-hearted and, once embarked upon, they can be very difficult to leave. In one case, participants in two such schemes failed...

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• When is a Loss Not a Loss?

  • Posted4 November 2016

  Capital Gains Tax (CGT) is a complex tax, but the guiding principle is straightforward. It taxes gains on the disposal of non-trading assets. For a person, profits on trading transactions...

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• IHT – Don’t Forget Annual Reliefs

  • Posted14 October 2016

  Inheritance Tax (IHT) is an increasingly significant problem for many people, but it is also sometimes described as a ‘voluntary tax’ because it is a tax that, with proper forward...

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• Proper Planning Must Be Comprehensive

  • Posted30 September 2016

  Many wills involve a degree of planning for Inheritance Tax (IHT) as well as just the appropriate division of the estate, but for any plan to be effective, it is...

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