Making use of your inheritance tax allowances It is often said that inheritance tax is a voluntary tax, and one that can be avoided if you give away sufficient assets at least seven years before you die so the value of your estate is sheltered by your available...
High-Income Child Benefit Charge: What You Need to Know in 2024 and Beyond The high-income child benefit charge continues to affect thousands of UK families, especially those with uneven household earnings. With new thresholds introduced in April 2024 and a major...
Avoid the temptation to make speculative Stamp Duty Land Tax Refunds claims When you purchase property, it’s critical to tread carefully around the idea of claiming Stamp Duty Land Tax Refunds. While the opportunity may seem attractive, especially where higher...
Making use of the property allowance It is possible to enjoy tax-free income from property via the property allowance, even if you have already used up your personal allowance. The property allowance allows you to receive annual gross property income of up to £1,000...
Section 455 Tax Refund: Reclaiming the Charge on Director’s Loans In many personal or family-run companies, company directors borrow money from the company rather than taking out a commercial loan or paying themselves additional salary or dividends. While this may...
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