Tax Blog

The Chancellor Responds to OTS’s Reports on IHT & CGT

    The government has accepted five recommendations from the Office for Tax Simplification on issues relating to capital gains tax in a bid to “provide some practical simplifications for taxpayers”. In its official response to the OTS reports into the…
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An Easing of Inheritance Tax Reporting Requirements

Perhaps not the most exciting of posts this time but if you are, or are about to prepare an inheritance tax account, these developments may be just what you are looking for. HM Revenue & Customs have released a policy…
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Inheritance Tax: Where Things Currently Stand

  The autumn budget has passed without incident despite some flagging up potential seismic changes to inheritance tax and capital gains tax.  That is no surprise at all.  Any changes on that scale are more likely later in this governments…
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Inheritance Tax Changes?

    Despite it only affecting around 4% of deaths in the UK, inheritance tax is arguably the most disliked tax of them all.  This is partly because many regard inheritance tax as technically a double tax because it applies…
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A Family Investment Company to Preserve Wealth?

  A Family Investment Company to Preserve Wealth? Family investment companies have very recently made the headlines as HMRC has recently concluded that there is no evidence that the use of family investment companies was being abused. This is really…
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A New Inheritance Tax Tool from HMRC

  HMRC have released a new tool ‘Check if you might need to pay Inheritance Tax’ to allow those dealing with deceased estates to work out the approximate value of the estate in order to help decide whether any inheritance…
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