Tax and Financial Planning

• Deathbed Marriage Creates Tax Advantage

  • Posted31 May 2012

  Marrying or forming a civil partnership in order to save tax may not be romantic, but a recent case showed the benefits of so doing when a man married his...

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• FSA Fines Three Over Share Dealing

  • Posted22 May 2012

  When a transaction occurred that should have aroused suspicion, the subsequent investigation by the Financial Services Authority (FSA) led to fines for three of the people involved. The transaction...

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• Holiday Letting Property a Business, Not an Investment

  • Posted8 May 2012

  A recent tax case shows the lengths HM Revenue and Customs (HMRC) will go to when they think there is tax to be gained by adopting an aggressive attitude with...

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• Lump Sum Option for Small Pension Plans

  • Posted16 April 2012

  Under changes to pensions rules recently announced by HM Revenue and Customs (HMRC), those aged 60 or over now have the option of taking a lump sum from personal pensions...

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• Interest on Tax on Gift – Assessment Date Crucial

  • Posted4 April 2012

  Although most people know that gifts will normally not be subject to Inheritance Tax if the donor survives for seven years after they are made, it is less well known...

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• Facts Critical in Residence Claim

  • Posted15 March 2012

  HM Revenue and Customs (HMRC) are quick to recognise easy pickings when transactions occur and the conditions for relief against the relevant taxes are not met. One of HMRC’s...

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