Trustees, don't get caught out!
HMRC issues guidance on how trustees who don't register and properly maintain trusts may be fined
End of tax year checklist
Given recent tax changes, making the most of the planning opportunities available in the current 2022/23 tax year is, therefore, all the more important. With this in mind, this article outlines a non-exhaustive five point tax year end checklist which should help ensure you don’t miss out.
Autumn Statement 2022: The impact on private clients
The Chancellor has announced a balancing act between spending restraint, outright and immediate tax rises, stealth tax measures and fiscal drag. This has allowed him to limit some of the pain and even announce some new spending while ensuring that the tax take, combined with targeted spending cuts, improves the nation's finances over the next six years by a projected £55bn, helping to address that "very big deterioration".
Gift and leaseback arrangements: inheritance tax planning with the family home
Making a gift of the family home can be an effective way to reduce your inheritance tax liability, but there are many issues to consider both practically and from a tax perspective.
Environmental land use – implications for inheritance tax
It's all change for the UK agricultural sector, following the post-Brexit removal of valuable grants and subsidies upon which many farming businesses relied.