Monthly Archives: May 2013

Changes to the taxation of certain partnerships

The Budget in March 2013 announced that the government would be reviewing aspects of partnership taxation with a view to countering tax and NIC avoidance. HMRC’s consultation document was published on their website earlier this week, inviting responses to it by 9 August 2013. Any legislative changes will be effective […]

Inheritance Tax (IHT) Changes

There are three changes in the Finance Bill which may affect the IHT payable on your estate:- The first is the freezing of the nil rate band at £325,000 until 5 April 2018.  This at least provides some certainty about your projected IHT liabilities until then. The second concerns non-domiciled […]

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