HMRC has intensified its scrutiny on gifting rules, recovering £624 million from nearly 2,000 individuals who mistakenly believed they had reduced the value of their estates through gifts, only to have inheritance tax relief revoked.
Personal Tax Planning
Demystifying ATED Returns: A Guide for Property Owners
We explore the essentials of ATED returns, covering who needs to file them, the submission process, associated charges, available reliefs, and submission deadlines.
Spring Budget 2024: Key Changes to National Insurance Contributions and High Income Child Benefit Charge
Further changes announced in the Spring Budget include two key areas in National Insurance Contributions (NIC) and the High Income Child Benefit Charge (HICBC). In this blog, we’ll explore the details of these changes and how they might affect you.
Spring Budget 2024: Key Changes to Furnished Holiday Lettings and Capital Gains Tax
In this blog, we’ll explore these changes and provide insights into what they mean for property owners engaged in the holiday lettings sector.
HMRC U-Turn on Rule Change for Double Cab Pick-Ups
On Monday 19 February 2024, following discussions between the government, farmers, and the motoring industry on the potential impacts of the change in tax treatment, HMRC announced that the changes have been scrapped.
Childcare Allowance – what high earners need to consider
High earning taxpayers are probably aware of the loss of the personal allowance which occurs when adjusted income exceeds £100,000, whereby the allowance of £12,570 is lost at the rate of £1 for every £2 by which income exceeds £100,000, resulting in the entire loss of the allowance at an income of £125,140.
See how we can help you...
We believe in being involved with the local business community and that is why we network extensively, host regular business seminars, write blogs and have many trusted, professional contacts