Inheritance tax reporting changes are coming
The Office of Tax Simplification (OTS) has published the first part of its inheritance tax (IHT) simplification review. If you are concerned about inheritance tax and how it might affect you, give us a call on 020 8559 2111. This new report highlights a variety of issues with the current IHT system: IHT returns are […]
ISA inheritance tax rules improve at last
The rules will change from 6th April 2018. ISAs have always been a bit of an outlier when it came to inheritance tax as they are an otherwise simple, tax-efficient vehicle for savings and investments. But when it comes to death these tax benefits vanished. In 2014, George Osborne announced that ISAs would become inheritable […]
Moneyworks Summer 2017
Your new Moneyworks magazine is available. In this issue, What next after Brexit? And how will it affect your money? Will inheritance tax catch you out? What the new rules mean for you. The pension revolution It’s been two years since major pensions reform took place, but you still need a careful plan. Are you […]
The residence nil rate band is coming soon
From April 2017, the residence nil rate band comes into being. The Conservative Party’s manifesto for the 2015 election promised to “take the family home out of tax by increasing the effective Inheritance Tax threshold for married couples and civil partners to £1 million.” The legislation which starts the first stage of this process comes […]