Tax and Financial Planning

Entering into tax avoidance schemes is not for the faint-hearted and, once embarked upon, they can be very difficult to leave. In one case, participants in two such schemes failed...

Capital Gains Tax (CGT) is a complex tax, but the guiding principle is straightforward. It taxes gains on the disposal of non-trading assets. For a person, profits on trading transactions...

Inheritance Tax (IHT) is an increasingly significant problem for many people, but it is also sometimes described as a ‘voluntary tax’ because it is a tax that, with proper forward...

Many wills involve a degree of planning for Inheritance Tax (IHT) as well as just the appropriate division of the estate, but for any plan to be effective, it is...

For some years now, pensions have been made increasingly flexible, and the Government recently introduced greater choice as to how savers can use their pension pots on retirement. The...

It may be thought that if an investment is entered into using a UK-based firm, that investment is covered by one of the statutory schemes established to protect investors. However,...

Few businesses have the emotional ties that characterise a family farming business and it is no wonder therefore that families often take considerable steps to prevent a family farm from...

The lengths to which people go to avoid paying taxes are sometimes surprising, and the schemes that are created to facilitate tax avoidance come under close scrutiny from HM Revenue...

Peer-to-peer (P2P) lending has grown very quickly over recent years. It is a system whereby an intermediary acts as a broker to enable individuals to make loans directly to those...

Selling the shares in a business you own and run attracts very favourable tax treatment in the UK and one of the most beneficial reliefs is Entrepreneurs’ Relief (ER), which...