The Office of Tax Simplification (OTS) was tasked with reviewing the administrative and technical aspects of inheritance tax. And the OTS recently released the first of the two reports what come out of the review. The full Inheritance Tax Review report can be found here.
Away from the backdrop of Brexit and political squabbling, another year draws to a close for the academies and education sector. It was a year where budgetary pressures continued, GDPR was introduced, television documentaries brought disgust and the ESFA released their “naughty list”. But what will 2019 bring?
As another year draws to a close we prepare ourselves for what looks set to be a rather turbulent and unpredictable 2019. Politically, economically, socially and technologically, the year ahead already looks like one that will feature some significant changes. We look at what the coming twelve months may hold in store for the charity sector.
Who received a ‘gift’ and who was left with a ‘lump of coal’ this festive season?...
It’s been over a month since the Chancellor Philip Hammond stood up and gave his Autumn Budget announcements but for individuals there were a number of changes which were announced that are worthy of a reminder. Some of these we were already aware of but there were also a few changes which came as a bit of a surprise.
Selling a business is often a once-in-a-lifetime event and can be stressful for owners, particularly if building that business has been a life’s work – and can impact on loyal customers and a committed workforce.
This article is the third in a series in which we focus on property issues in our bi-monthly e-newsletter for individuals and their families, Pathfinder – personal tax and wealth (sign up here). Over the next few editions of the e-newsletter we will further explore the most common property tax issues our clients are asking us about. Whether a landlord, or simply someone looking to utilise property as an investment for their (and their family’s) future, this series will seek to advise you on your options, and prevent you from falling foul of any unforeseen tax implications!
In this article we look at the tax advantages of investing in a furnished holiday home (FHL)…
December is obviously a period for festive cheer, and not for pondering our demise, however inheritance tax (IHT) planning is an ongoing consideration, and strangely enough the holiday season may present an opportunity to make a tax effective gift.
According to the 2016 Defra Farm Business Survey, over 60% of UK farming businesses have diversified. With more business ventures on farms likely in the future it is important to be clear on the impact any changes will have for inheritance tax purposes.