Tax

10 May The Generation Game – Why Inheritance Tax Planning Is Crucial

Posted at 09:40h in Tax by Editorial Team

During his first few months as Prime Minister, John Major famously expressed a desire to see wealth “cascading” down through the generations. “We do not see each generation starting anew, with the past cut off and the future ignored,” he told his party’s conference. Fast forward...

02 May Home Thoughts From Abroad – Making Wealth Management Simpler For Expats

Posted at 15:54h in Tax, Wealth management by Editorial Team

According to research commissioned by the BBC, around 5.5 million Britons - roughly one in ten of the population - are currently living permanently abroad. Many live in Europe, of course, but Britain’s diaspora is spread across the world. The US, for example, has attracted...

25 Jan The Knowledge – Why EIS, SEIS and Venture Capital Trusts Continue To Drive Investment

Posted at 13:30h in Property investment, Tax by Editorial Team

The Enterprise Investment Scheme (EIS) has been with us since 1993 and no one can deny that it has had a major impact on the willingness of individuals to support high risk, but potentially very high reward small and medium-sized companies. When HMRC totted up...

17 Oct Tax Has Become A Fairness Issue – What Does That Mean For Tax Planning?

Posted at 14:45h in Tax by Editorial Team

The annual party conference is usually an occasion for broad brush strokes of policy. Nothing too detailed. Nothing that is likely to cause controversy in the media or divisions among the party faithful. This year’s conference season in many respects conformed to that template. Dominated...

17 Sep September 30 Tax Deadline Highlights Continued Avoidance Crackdown

Posted at 09:04h in Tax by Editorial Team

September 30 is a key date for anyone with overseas assets that may be taxable in the UK as HMRC has made it the deadline for disclosure. Disguised remuneration schemes must also be declared by the same day. This month’s deadlines illustrate the importance of...

25 Jun Tax Factors – The Rules Are Changing But EIS Remains A Prime Investment Driver

Posted at 13:42h in Tax, Uncategorised by Editorial Team

It’s easy to take something for granted once it has become part of the furniture. Take the Enterprise Investment Scheme (EIS). Introduced in 1994, the scheme was intended to encourage equity investment in small companies. As the Government minister in charge back then, Michael Portillo...

11 Apr Carrot and Stick – What the Spring Statement Means for HNW Taxpayers

Posted at 15:31h in Tax by Editorial Team

There was a time when the start of Spring was heralded by the Chancellor’s Budget, a major political and economic event. These days the Chancellor offers two Budget statements - one in Autumn and the other in Spring, with the former containing all the major...

25 Jan Today and Tomorrow – The Importance of Year End Tax Planning

Posted at 17:02h in Tax by Editorial Team

In terms of taxation, the first few months of any given year are a time to look forward and backwards. For those completing a self-assessment form ahead of the January 31 deadline, all thoughts are on the previous tax year. With that job done, dusted...

21 Dec Planning Essential Budget Continues Tax Avoidance Crackdown

Posted at 09:00h in Tax by Editorial Team

Chancellor Philip Hammond’s November Budget statement was never going to be a barnstorming collection of radical tax changes or seismic policy shifts. While the UK economy continues to grow, the 1.4% projected by the Office for Budget responsibility for this year is well below the...

24 Oct The Tax Conundrum – Rules On Tax Reliefs Constantly Change, So Be Prepared

Posted at 17:54h in Tax by Editorial Team

Barring any unforeseen political mishap, Chancellor of the Exchequer Philip Hammond will present his latest Autumn Statement to the Commons on November 22, 2017. With the party conference season behind him and the Brexit negotiations in full swing he will have the task of summing...