INHERITANCE TAX & THE HOME
The inheritance tax concession promised by the Conservative Party prior to the general election – i.e. increasing the nil-rate band so that a principal residence worth up to £1,000,000 would be inherited tax-free – was not included in the Queen’s…
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SHARE VALUATIONS FOR CAPITAL GAINS TAX & INHERITANCE TAX PURPOSES ARE NO LONGER ALIGNED
The method of valuation of shares, securities and strips for capital gains tax, corporation tax and income tax purposes has been changed by Statutory Instrument 2015/616 with effect from 6 April 2015. The statutory instrument does not apply to inheritance tax….
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SECOND FINANCE BILL EXPECTED SOON
The new Conservative government is expected to table a second Finance Bill in this session. Commentators believe it may include campaign promises such as restrictions on tax relief for pension contributions and the introduction of a transferable £175,000 inheritance tax…
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Non UK residents disposing of UK residential property: Planning
Since April 6, 2015, certain non-UK residents are now subject to the capital gains tax regime on the disposal of UK residential property. The new rules apply to non-resident individuals, non-resident trustees, the personal representatives of non-resident deceased persons, certain…
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