03/11/2020
That will be a Potentially Exempt Transfer for IHT purposes and, provided the parents survive for more than seven years, the PET will fall out of their estates for IHT.
03/10/2020
Last year it was revealed that HMRC had raised more than £2.9bn since 2010 by tackling offshore tax non-compliance.
03/10/2020
The £27,000 which was transferred was left in cash as Mr S intended to draw it down in the short term under incoming pension freedom rules.
03/05/2020
The guidance is likely to be of limited assistance to trustees and the absence of guidance on many key areas is likely to lead to further delays before most schemes feel comfortable to go ahead and equalise members’ benefits.
03/05/2020
The unpleasant truth, though, may be that whatever precautions we take in working hours, people commute on public transport and live in relatively crowded cities.
03/04/2020
Drama is something which Osborne’s Budgets were never short of.
03/03/2020
The Family Investment Companies Unit conducts risk reviews of private companies used by family offices and high net worth individuals to manage their wealth.
03/02/2020
Overseas individuals who own UK property through companies often do so for privacy reasons, according to the law firm Boodle Hatfield, which analysed the data.
03/01/2020
If your gross rental income exceeds this amount, you can calculate whether it is more tax efficient for the excess to be charged to tax, or for you to pay tax on your rental profits after deduction of expenses in the usual way.
02/27/2020
It also says these payments may end up being taxed at "a very low rate or escaping tax altogether".
02/26/2020
Should family offices be worried about HMRC’s new secret unit? by Chris Etherington
More than ever before, tax changes in the Budget will not simply be of national concern
02/26/2020
Identify key tax targets vulnerable to budget changes
02/24/2020
Dawn raids usually take place where HMRC suspects serious tax evasion
02/24/2020
Under current rules tax relief is paid on savers' pension contributions at the rate of income tax they pay.
02/20/2020
The tax haven debate adds to a number of issues in which the EU faces the choice between enforcing its own rules and jeopardizing an agreement under which Turkey helped stem the flow of migrants to Europe in exchange for financial assistance.
02/20/2020
The Spanish government has a majority consensus on the new tax, and it is, therefore, very likely to pass, though amendments may be incorporated before the approval of the final version.
02/19/2020
Welcome to RSM’s weekly round-up of the most important tax news.
02/18/2020
The aim is to tax businesses which traditionally paid low amounts of tax in foreign countries they operated in, those being: search engines, social networks and online marketplaces.
02/18/2020
According to the report, a so-called ‘mansion tax’ directed at residential real estate has been mooted more than once in Treasury discussions and in government more generally.
02/16/2020
The PM has 'cooled' on the idea to charge wealthy homeowners more in next month's budget