The HMRC have confirmed that tax payers will start to receive a personal statement each year, showing a breakdown of how their tax is spent.
Plans to provide personalised statements have been confirmed by the Treasury and George Osborne in his latest budget.
The aim of the statement will be to
Read more ...
Created on: Wed 21 March 2012 14:07
Last modified: Never
This article was posted in
Investment Advice,
Tax Planning and tagged with
hmrc,
tax
The Chancellor George Osborne, announced yesterday on the BBC Andrew Marr show that he intends to crack down on the abuse of so-called Stamp duty Land Tax Schemes. The Chancellor was referring to the upcoming Budget this week.
These schemes are sometimes used by individuals looking to reduce the
Read more ...
Created on: Mon 19 March 2012 09:57
Last modified: Mon 19 March 2012 10:37
How can I save on Income Tax?
There are a number of ways to reduce your possible income tax liability.
A simple example would be to make a personal contribution towards a pension arrangement.
Contributions benefit from tax relief therefore reducing the amount of UK income tax you might
Read more ...
Created on: Sat 03 December 2011 15:08
Last modified: Thu 01 March 2012 08:24
This article was posted in
Tax Planning
Tax Return Deadline Looms
The 31st January deadline will be here before we know. Self Assessment Tax returns need to be filed online before this date and any outstanding tax paid to the Revenue. I’m as guilty as the next person to leaving it to the last minute.
In the past I have hurriedly
Read more ...
Created on: Fri 07 January 2011 00:00
Last modified: Never
This article was posted in
Tax Planning
Plans to tax offshore trusts
The Coalition government has revealed plans to tax employee bonuses that are paid to offshore trusts.
The announcement confirms that payments will be taxed at a higher rate under its 2011 Budget plans. Around 50,000 employees and 5,000 companies could be
Read more ...
Created on: Wed 20 October 2010 01:00
Last modified: Never
This article was posted in
Tax Planning
House prices dropped by the largest amount on september 2010 since records began. However, the rental market seems to be still buoyant and rental yields starting to look attractive again.
If you have owned a buy to let for some time, you could possibly have a capital gains tax problem.
The gain ,
Read more ...
Created on: Mon 18 October 2010 19:50
Last modified: Thu 01 December 2011 06:55
This article was posted in
Tax Planning and tagged with
capital gains tax on property,
cgt
We have recently published an article on capital gains tax.
Created on: Fri 15 October 2010 05:39
Last modified: Fri 02 March 2012 10:10
This article was posted in
Tax Planning and tagged with
cgt
Guide to UK Inheritance Tax
Think ahead and plan for the future.
Property prices rose from the early 1980 through to 2007. However there are still a large number of families that could face large inheritance tax bills.
Planning ahead will allow to you understand the scale of the possible tax and
Read more ...
Created on: Wed 22 September 2010 01:00
Last modified: Never
This article was posted in
Tax Planning
New Guidance From ICAEW, CIOT and STEP on Trusts
The Institute of Chartered Accountant for England and Wales along with STEP and Chartered Institute of Taxation has recently issued guidance when trusts are to be considered UK resident.
The guidance has been agreed by HMRC and covers the
Read more ...
Created on: Mon 06 September 2010 01:00
Last modified: Never
This article was posted in
Tax Planning
I’m a trustee- what are my responsibilities?
The trustee act 2000 became effective in England and Wales on the 1st February 2001.
It replaced the previous act called the trustee investment act 1961.
One aim of the new act was to grant trustees wider powers in terms of the investments they are
Read more ...
Created on: Wed 18 August 2010 01:00
Last modified: Never
This article was posted in
Tax Planning
Planning for inflationary pressures and the effects on your assets
Rising inflation poses a risk to any investor. Cash and gilts are the most vulnerable asset classes when it comes to erosion from inflation: cash because the returns are generally quite low and gilts because they pay a fixed
Read more ...
Created on: Fri 07 May 2010 09:00
Last modified: Thu 09 February 2012 06:51
A will is one of the basic building blocks to effective financial planning. It's an emotive subject as it reminds us that we are only on this planet for a short period of time. Nobody like to think of leaving their loved ones.
A will can help with effective inheritance tax planning and will
Read more ...
Created on: Fri 16 April 2010 11:24
Last modified: Thu 01 December 2011 06:57
This article was posted in
Tax Planning
Don t leave your beneficiaries with additional heartache and hassle.
People who pass away without an up to date will, or intestate, leave costs and worry to their family and often gift lots of money to the State in what may be avoidable Inheritance Tax (IHT).
The Law Society says that anyone with
Read more ...
Created on: Wed 31 March 2010 09:40
Last modified: Thu 01 December 2011 06:58
This article was posted in
Tax Planning
If you have an investment or property portfolio, perhaps its time to review your estate. The Chancellors recent announcement to hold the threshold for Inheritance tax planning at £325,000, for the next four years may prompt the move.
Alistair Darling’s decision not to raise the IHT limit is
Read more ...
Created on: Mon 29 March 2010 08:04
Last modified: Thu 01 December 2011 06:58
This article was posted in
Tax Planning
The budget as expected was a bit of a damp squibb. With the state of the public finances it’s no surprise that yesterdays budget has been described as boring.
One surprise was that CGT has not been altered
The rate of tax for mainstream CGT remains at 18% and the annual exempt amount of
Read more ...
Created on: Thu 25 March 2010 04:49
Last modified: Fri 04 May 2012 08:05
HMRC started to tighten their grip on tax avoidance last year. It has been reported that £373 million in revenue was received as a result of targeting tax avoidance schemes. This represents a 21% increase on the previous year.
Figures obtained under the Freedom of Information Act show the result
Read more ...
Created on: Wed 17 February 2010 12:32
Last modified: Fri 02 March 2012 10:09
Don t leave your beneficiaries with extra expenses and complications.
Individuals who pass away without a valid will, or intestate, result in complications ,costs to their beneficiaries and often gift thousands of pounds to the Treasury in what may be avoidable Inheritance Tax (IHT).
The Law
Read more ...
Created on: Mon 15 February 2010 14:56
Last modified: Thu 01 December 2011 07:02
It's not very long before the ending of the tax year. It is so essential to make the most of any allowances and tax breaks that are useable.
By using the allowances and annual exemptions you might be able to reduce your tax bill substantially. This can ordinarily be done quick and easily with the
Read more ...
Created on: Thu 11 February 2010 14:47
Last modified: Wed 08 February 2012 08:26
It’s a fact that nearly 70% of the UK does not an up to date will.Not having an up to date will can cause immense problems and distress for loved ones. Although the rules of intestacy have changed in the last few years, it is still one of the most important aspects of financial planning.
An up
Read more ...
Created on: Mon 09 November 2009 16:38
Last modified: Thu 01 December 2011 07:03
Now is a great time to discuss your problem with us
The fall in the value of assets such as shares, buy-to-let properties and holiday homes to their lowest levels in years, combined with capital gains being taxed at its lowest rate in 40 years, may be prompting more and more taxpayers to give
Read more ...
Created on: Sat 14 March 2009 21:55
Last modified: Thu 01 December 2011 22:06
Make the most out of your investments.
