Tax Planning

Inheritance Tax Receipts up £100m Annually

The Government’s inheritance tax intake totalled £600m in April 2023, a figure £100m up on the equivalent April 2022 figure, recent data published by HMRC has indicated. This follows the record-breaking 2022/23 tax year which saw £7.1bn raised in inheritance…
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Immediate Action Required on Certain Charitable Donations

For more than a decade, individuals making donations to European Union (EU) and European Economic Area (EEA) charities and Community Amateur Sports Clubs (CASCs) have generally been able to claim UK income tax, capital gains tax and inheritance tax reliefs…
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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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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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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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Inheritance Tax Take Continues To Rise

    Inheritance tax receipts for April 2021 to March 2022 were £6.1bn, which is £0.7bn higher than in the same period 12 months earlier, latest data from HM Revenue & Customs (HMRC) revealed. The government data also showed receipts…
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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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