Tax and Financial Planning

• Quality Not Quantity of Occupancy Determines Tax Position

  • Posted28 January 2016

  For a property to qualify for private residence relief from Capital Gains Tax (CGT), it must in fact have been the taxpayer’s residence. HM Revenue and Customs (HMRC) are well...

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• New IHT Relief on Family Residences

  • Posted11 January 2016

  From 6 April 2017, a new Inheritance Tax (IHT) relief is being introduced that will benefit homeowners in the UK. With house prices having risen rapidly over the years, the...

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• Why You Should Beware Equity Release Plans

  • Posted22 December 2015

  With life expectancy increasing, many elderly people find themselves struggling to pay for the care they need. In these circumstances, the temptation to take out an ‘equity release’ loan is...

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• EIS and SEIS Investing in Small Businesses and Start-Ups

  • Posted1 December 2015

  The Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS) are popular vehicles for investment in small or start-up businesses. Both are attractive because the tax advantages...

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• No Will Means Tax Windfall for HMRC

  • Posted12 November 2015

  The result of the recent death of actor Roger Lloyd-Pack, best known for playing ‘Trigger’ in the hit series ‘Only Fools and Horses’, serves as a reminder that failing to...

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• New Reports Highlight UK Tax Burden

  • Posted29 October 2015

  A recent report by the TaxPayers’ Alliance (TPA) stated that the average British family pays more than £250,000 in tax (net of tax credits) during a 40-year working life. The...

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