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The Office of Tax Simplification has undertaken a detailed review of Inheritance Tax, and proposed several changes to this complicated tax which could have significant implications.
The high income child benefit charge has put many people off claiming child benefit, but beware – this may limit the amount of state pension which you can claim at a later date.
The start of the new tax year means that if you are a shareholder or director you may wish to review your salary and dividend mix for 2019/20 to ensure you’re as tax efficient as possible.
Plans are afoot to introduce a sliding scale of probate fees based on the value of an estate. Meanwhile HMRC has introduced a temporary process for probate.
Did you know you can pass your home on to your children at any time, even if you still live in it? It may seem a great idea, but it’s a complicated area which can carry some major drawbacks.
Class 2 NICs for the self-employed were due to end next April, but the government has now changed its mind. We explain why, and how you can check your NI contribution history.
If you own a property with your spouse, tax legislation states that you are entitled to an equal share of any income you receive from this jointly owned property, unless you complete Form 17
The Office of Tax Simplification (OTS) has published a new report which looks at how people’s savings income is taxed, and has identified areas where it might be simplified.
Tax-free Childcare versus Childcare Vouchers – which scheme is best? Paul Cox examines the differences between each of these schemes, to help you decide which one you might be eligible for and which will offer you the best savings on your childcare costs.
Various tax breaks may make it more worthwhile investing in a furnished holiday letting as an alternative to a buy-to-let rental property business.
If you’re self employed it’s not always easy to get a mortgage. However a recent change from HMRC has encouraged lenders to be more flexible towards this sector of the labour market.
Date
Nov 03, 2017
Categories
There has been much discussion recently about the government’s so-called ‘dementia tax’, which can have a significant effect on inheritance tax planning for families.
Date
Jul 07, 2017
Categories
The government’s new tax-free childcare scheme launches this year. We explain what it’s about and how it particularly benefits the self-employed
Date
Jul 07, 2017
Categories
For deaths on or after 6 April 2017 there is now an additional £100,000 inheritance tax (IHT) allowance where the family home is passed on to direct descendants.
Date
May 05, 2017
Categories
Make sure you’re fully aware of any current tax reliefs and government help which can enable you to maximise your savings wherever possible.
Date
Feb 08, 2017
Categories
© 2019 Paish Tooth
