Tax Blog

FESTIVE FUN ?

Most people file their tax return online these days, probably in the region of 80%. Paper returns should have been submitted by 31st October and they are seen as increasingly archaic. Electronic submissions make it much easier for HM Revenue…
Read more

AUTUMN STATEMENT 2014

Are Autumn Statements that interesting ? This one might be ! It will be George Osborne’s fourth Autumn Statement and the announcements are traditionally focussed on government spending. However, with the General Election less than six months away, there may…
Read more

HOME ALONE ?

Relief from capital gains tax on the home is extremely valuable and, although the rules are detailed and convoluted, they have generally been well understood by taxpayers. However, recent tax cases and legislative changes mean that it is always worth…
Read more

MANSION TAX 2

So how will people owning property which is exposed to a prospective mansion tax react if the proposal becomes law ? Even though there is little flesh on the bones of a prospective mansion tax as yet, one can easily…
Read more

MANSION TAX ?

With a general election on the distant horizon the possibility of a ‘mansion tax’ is once more on the agenda. While everyone will have their own view on whether such a tax is a good idea or not, it is…
Read more

RESTRICTION OF UK PERSONAL ALLOWANCE ?

This years Budget saw the Government announce that it would consult on whether entitlement to the UK Personal Allowance should be restricted for non-residents and how this might be achieved. At present many non-residents are perfectly entitled to claim the…
Read more

INHERITANCE TAX & BUSINESS PROPERTY

Many shareholders and business owners are under the reasonable but erroneous impression that they do not need to think too deeply about inheritance tax because their company or business will be fully covered by Inheritance Tax Business Property Relief. This…
Read more

THE STOPWATCH & THE 5 STEPS TO BEAT IT

A stopwatch starts ticking on the day after you die.  It stops just over 6 months later.  That is the day your family must pay the inheritance tax due on your estate.  If your family needs to obtain probate, and…
Read more

Welcome!

“Most people would sooner die than think; in fact, they do so.”  Bertrand Russell This blog is for those who are inclined to think now …. and die somewhat later. It is designed for individuals, people, as Bertrand Russell might…
Read more