In our previous blog, Inheritance Tax Exemptions – Christmas is a time for giving, we explained some of the main exemptions available to reduce your estate and any IHT liability it may attract. One such exemption, which is potentially the most valuable, is that of “Normal Expenditure out of Income”. […]
Category Archives: Tax
With the digital age well and truly upon us, along with the introduction of agile working during the pandemic, more and more employers need to provide their employees with the correct tools to carry out their work. One such tool is that of communication, whether that entails texting a colleague […]
Land and property are usually the most expensive assets a person will own throughout their lifetime, whether it is their home, their business premises, or even a holiday getaway in the country. As a result, they often attract the largest tax bills a person might have to pay. These […]
Within family businesses it is common for family members to be involved in the day to day running of the family business. It is therefore worthwhile to consider the tax rules regarding the remuneration of each family member. Most UK individuals benefit from a Personal Allowance, which enables them to […]
With Christmas fast approaching you may be stuck for ideas of what to get your nearest and dearest. If the idea of spending a day walking around a busy shopping centre fills you with dread, you may want to consider a cash gift instead. But before you go reaching for […]
At the start of the pandemic HMRC introduced several tax concessions to provide additional support to employees working from home but what are the tax implications of these additional perks? In the 2020/21 tax year, as an employee you may have received extra support from your employer to enable […]
If you have a UK pension then you may need to be aware of three important changes that were announced in the recent Autumn Budget: No 1. The change to the age that you can take an income from an invested pension. We’ve been mentioning this to our clients […]
You may wish to consider the tax liabilities associated with gifts. Many companies view gifts as an ideal means of promoting their business and boosting morale amongst their workforce. However – as ever – the tax legislation is not as straightforward and it is important to take appropriate advice to […]
Boris Johnson launched a new Health and Social Care Levy this week to replenish the country’s finances in the aftermath of COVID-19… It appears “unprecedented times” translates into unprecedented tax increases which depart from the Conservative party’s commitments to the triple lock on income tax, National Insurance Contributions (NICs) […]
With less people holidaying overseas the demand for UK holiday lets has soared. They also seem to have taken on a mythical status in the tax world due to some of the more generous ways that the tax system deals with them. So let’s quickly take a look at some of […]











