Significant Updates for Three of my Kindle Books on Tax

Three of my Kindle books have been updated for recent developments as at January 2023. All have also been re-formatted to a more professional standard.  My formatting skills at the time of original publishing were adequate but far from stellar. …
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Inheritance Tax Investigations & Poor Compliance

  Inheritance Tax is one of the most complicated areas of tax law. As it is open to systemic misunderstanding and poor reporting practices, HMRC specifically and understandably targets inheritance tax as an area for investigation. I anticipate that an…
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The Future of Inheritance Tax: Part II

At a basic level, exposed families should consider a professionally drafted Will as essential.  Not only to ensure that material wealth passes as intended but also to ensure that the residential and transferrable residential nil rate bands are not inadvertently…
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The Autumn Statement & The Capital Taxes

In Brief In the words of HMRC, “The inheritance tax nil-rate bands are already set at current levels until April 2026 and will stay fixed at these levels for a further two years until April 2028. The nil-rate band will…
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Inheritance Tax & 17th November 2022

The prime minister Rishi Sunak froze inheritance tax thresholds until 2025-26 when he was chancellor, and it is now understood that he will continue with his stealth tax raid in order to plug the fiscal black hole.  A further threshold…
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Interest on Late Tax Payments Rises Again!

Following the Bank of England’s announcement on 3 November 2022 that the base rate would rise to 3%, HMRC ‘s interest rates will also increase by 0.75%, to 5.5% for late payment interest and 2% for repayment interest, from 22…
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Landlords and Estate Planning

More than one in two landlords with large property portfolios have no succession plan in place, potentially leaving heirs with large inheritance tax bills. Handelsbanken has found that 52% of landlords with more than 10 properties have no estate management…
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Interest Rates and the Payment of Inheritance Tax

With respect to my recent posts on interest rates for late paid inheritance tax, the latest increase to 4.75% will be effective from 11 October 2022. The rate has consistently risen throughout 2022 from a low of 2.60% immediately before…
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