Latest News

If HMRC Don't Get it Right

You may be forgiven for thinking that the authorities always follow proper procedures, but that is...

Don't Be Caught in a Pension Scam

Scams of all shapes and sizes are becoming depressingly frequent and the Financial Conduct...

Time to Review Your Discretionary Trust?

When the Finance Act 2006 came into force, it introduced a ten-year charge on discretionary...

New Guidance on Care Home Charges After Death

It is a stressful and unhappy enough time when a loved one dies, but the anguish of those mourning...

A Little Too Much Knowledge Can Be a Dangerous Thing

There are special rules for people working in the UK on short-term secondment from employers based...

Be Careful Who You Trust With Your Finances

Giving someone else power of attorney over your finances can be a useful means of ensuring that...

Who Owns the Balance on the Joint Account?

Sometimes, what seem to be quite simple questions have to be decided in court. In a recent case,...

Reliance on Accountant Shows Reasonable Care

If you rely on your accountant's advice regarding a tax issue, HM Revenue and Customs (HMRC) will...

Non-Residents Beware - Ignorance of UK Tax Law is No Excuse

About 900,000 UK citizens are long-term residents abroad, and it is no particular surprise that...

ISAs in Estates to be Tax Exempt

One of the issues that proves difficult for executors of deceased persons who have Individual...

Minor Drafting Error Corrected - £1 Million Saved

Under Inheritance Tax (IHT) law, certain types of trust have a ten-yearly charge to IHT on the...

HMRC Fail in IHT Challenge on Livery

HM Revenue and Customs (HMRC) have challenged a number of property-based trading businesses,...

Tax Domicile - HMRC Upping the Ante?

With an increasingly peripatetic workforce, more and more people are finding that the issue of...

HMRC Provide Calculator for New IHT Relief

Like many pieces of tax legislation, the 'additional threshold' (AT) for Inheritance Tax (IHT)...

Your Right to Claim Tax Relief on Losses Dies With You

You can claim tax relief if assets that you have acquired become worthless or loans that you have...

Have You Checked Your Investment Adviser's Credentials?

Investment advice is best obtained from authorised professionals and it is unwise to rely on...

Tax Law No Respecter of (Cultural) Tradition

An argument that assets which HM Revenue and Customs (HMRC) said belonged to a deceased man (and...

Financial Advice to Become More Common?

We have often written about the dangers of taking advice from unqualified and/or unregulated...

Tax Penalties Avoided for Those Affected by IT Glitch

With HM Revenue and Customs (HMRC) pressing ahead with plans to make 'customers' deal with them...

Reliance on Accountant's Advice Prevents Penalty

When a man inherited a property, he and his wife rented it out and later put it on the market for...

Who Needs a Pension if You Have a House?

Two recent surveys have underlined the importance to younger people of getting away from what is...

Charitable Principle Not Enough

It seems trite to say that the law is what the law is, but in cases where a decision is reached...

Will Your Property Be an IHT Trap?

Data published recently show that the new £100,000 additional 'private residence' exemption...
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