Wife Entitled to Maintenance Until Sale of Family Home
When divorcing couples disagree on how assets should be divided, the courts will seek to arrive at a fair outcome for both parties. In deciding how the proceeds of sale...
Continue readingNon-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...
Continue readingIn 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...
Continue readingFor 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...
Continue readingFrom 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...
Continue readingWith 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...
Continue readingThe 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...
Continue readingThe result of the recent death of actor Roger Lloyd-Pack, best known for playing ‘Trigger’ in the hit series ‘Only Fools and Horses’, serves as a reminder that failing to...
Continue readingA recent report by the TaxPayers’ Alliance (TPA) stated that the average British family pays more than £250,000 in tax (net of tax credits) during a 40-year working life. The...
Continue readingHard on the heels of the announcement that the amount of bank deposits guaranteed to be reimbursed in the event of the failure of a covered financial institution is to...
Continue readingThe Finance Bill currently in Parliament will confirm that HM Revenue and Customs (HMRC) are to be given the right to seize money directly from the bank accounts of taxpayers...
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