Tax and Financial Planning News

Under Financial Pressure? Don’t Fall Into Dodgy Lenders’ Arms!June 14, 2018

Financial pressure can easily lead the unwary into the arms of unscrupulous lenders. One High Court case, in which numerous borrowers found themselves in legal...

Be Careful Who You Trust With Your FinancesJune 3, 2018

Giving someone else power of attorney over your finances can be a useful means of ensuring that your affairs will be properly managed if you...

Non-Residents Beware – Ignorance of UK Tax Law is No ExcuseMarch 26, 2018

About 900,000 UK citizens are long-term residents abroad, and it is no particular surprise that they may be less careful about managing their UK tax...

Non-Residents Beware – Ignorance of UK Tax Law is No ExcuseMarch 26, 2018

About 900,000 UK citizens are long-term residents abroad, and it is no particular surprise that they may be less careful about managing their UK tax...

What Do Points Make? Tax PenaltiesMarch 9, 2018

The automatic penalties attaching to late filing of tax returns have long been an unpopular issue for taxpayers. The system involves fixed penalties for missing...

ISAs in Estates to be Tax ExemptFebruary 21, 2018

One of the issues that proves difficult for executors of deceased persons who have Individual Savings Accounts (ISAs) is that the interest on them is...

Tax Net to Loosen for Trusts, Tighten for Offshore AffairsJanuary 22, 2018

In the recent Budget, the Government committed itself to a review of the operation of trust taxation in the UK. Since reforms were introduced in 2006...

Minor Drafting Error Corrected – £1 Million SavedJanuary 10, 2018

Under Inheritance Tax (IHT) law, certain types of trust have a ten-yearly charge to IHT on the value of the trust assets. The legislation, which...

Planning to Participate in a Tax Avoidance Scheme? Read This First!December 21, 2017

Anyone tempted to participate in a tax avoidance scheme would be wise to take note of one case in which a businessman complained in vain...

HMRC Fail in IHT Challenge on LiveryDecember 7, 2017

HM Revenue and Customs (HMRC) have challenged a number of property-based trading businesses, seeking to deprive them of the Inheritance Tax (IHT) and Capital Gains...

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