Tax and Financial Planning

Financial products which offer to release capital tied up in people’s homes can be extremely complex and such arrangements should only ever be entered into after receiving specialist advice. In...

It is generally considered that if HM Revenue and Customs (HMRC) raise no enquiries in relation to a tax return in the year following its submission, that is the end...

HM Revenue and Customs (HMRC) are well known for their robust attitude towards tax avoidance schemes they consider to be questionable and, over the years, have introduced an ever-increasing variety...

If you hold assets in the USA, you should be aware of an issue that has started to arise in estates in which there are US shareholdings, especially where these...

Non-residents who sell a property they own in the UK are reminded that they are required to inform HM Revenue and Customs through the submission of a non-resident Capital Gains...

In recent years, HM Revenue and Customs (HMRC) have created a series of very generous ‘disclosure windows’ to allow people who have undisclosed assets in tax havens to reveal their...

For a property to qualify for private residence relief from Capital Gains Tax (CGT), it must in fact have been the taxpayer’s residence. HM Revenue and Customs (HMRC) are well...

From 6 April 2017, a new Inheritance Tax (IHT) relief is being introduced that will benefit homeowners in the UK. With house prices having risen rapidly over the years, the...

With life expectancy increasing, many elderly people find themselves struggling to pay for the care they need. In these circumstances, the temptation to take out an ‘equity release’ loan is...

The Enterprise Investment Scheme (EIS) and the Seed Enterprise Investment Scheme (SEIS) are popular vehicles for investment in small or start-up businesses. Both are attractive because the tax advantages...