Tax-Efficient Gifts and IHT: What You Need to Know
That times are tough for young people is something most would agree with; as such, it’s unsurprising that many parents (and grandparents) are making larger gifts during their lifetime (rather…
Reforms to IR35 and Off-Payroll Working: What You Need to Know
Off-payroll working in the private sector will soon undergo a series of reforms, HMRC recently announced. The new IR35 rules will come into effect in April 2020. The new IR35…
IHT on Property: Inherit £950,000 Tax Free in 2019
As of April 6th 2019, certain individuals will be able to inherit up to £950,000 free of income tax, thanks to IHT allowance changes. This is set to increase to £1…
The Targeted Anti-Avoidance Rule (TAAR): An Overview
In April 2016, the Targeted Anti-Avoidance Rule (TAAR) was introduced. This rule was established in order to prevent individuals from winding up companies in order to lower their tax liabilities.…
Reporting Requirements for Residential Property Gains
If you are a UK tax resident who is planning to sell a property on which capital gains tax will be chargeable (a second home or investment property, for instance),…
End-of-Year 2019 Tax Planning Tips: Part Two
The end of the financial year looms – but it’s not too late to do some clever 2019 tax planning. There are several key things to consider before the 5th April…
End-of-Year Tax Planning Tips: Part One
Are you prepared for the end of the financial year, which falls on 5th April 2019? It is never too early to take stock of your tax position and check…