LACK OF CLARITY ON ADDITIONAL INHERITANCE TAX ALLOWANCE
The Budget announcement about the extension to the nil rate band for inheritance tax is included in clause 9 of the Finance Bill. Briefly, the additional band of £100,000 is first introduced in 2017/18 and then increases in tranches of…
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PROPERTY OWNERSHIP IN THE EU: THE LATEST CONSIDERATIONS
Although the UK opted out of Brussels IV, more ominously known as EU Regulation No 650/2012, it may well have implications for anyone who owns assets in an EU country which has opted in. Although the Regulation was passed in…
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LATEST ON NEW INHERITANCE TAX DISCLOSURE REGIME
Currently the Disclosure of Tax Avoidance Schemes regime, or DOTAS as it is more commonly known, requires individuals and their advisers to notify HM Revenue & Customs of any tax avoidance schemes within a set time scale. It has been…
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