Recently published statistics show that HMRC have collected a record £5.1bn from Inheritance Tax (IHT) in the year ended May 2017 and the number of families paying IHT has increased by 160% between 2010 and 2016. The first step in planning for Inheritance tax is to make a Will. According to the Law Society, roughly one inRead more
Blog
From 6 April 2016 a number of changes affecting the taxation of rental income take effect and landlords may need to take action to help minimise the impact upon their tax position going forward. The main changes taking effect are as follows: ● a 3% SDLT surcharge will apply to the purchase of second properties,Read more
As negotiations begin for the UK withdrawal from the EU, what are the potential changes to the UK tax system? VAT As VAT is a European tax, UK Vat legislation has had to fall in line with the EU Vat Directive. When the UK leaves the EU, they will no longer be bound by theRead more