by Jessica Garbett | Apr 24, 2019 | ACCA, capital taxation, residence and non residence
Right elections can minimise the impact of inheritance tax charge and increase family wealth. Inheritance tax (IHT) charges are based on domicile status. Domicile is a common law concept and is not defined in statute for tax purposes. Broadly, it is where an...
by Jessica Garbett | Apr 22, 2019 | ACCA, pensions, personal finance, personal taxatation
The lifetime allowance charge (LAC) arises when a person has a pension scheme (or schemes) with a value of more than the lifetime allowance (LA). If there is a LAC then this gives rise to a tax liability which is paid to HMRC. A person may be a member of a number of...
by Jessica Garbett | Apr 17, 2019 | ACCA, business issues, pension reform
Research published recently by The Pensions Regulator shows that the vast majority of staff are continuing to save more into their pension following the increases in pensions contributions in April last year. The on-going duties survey of employers showed less than 2%...
by Jessica Garbett | Apr 15, 2019 | ACCA, business taxation, HMRC, personal taxatation
Your chance to input into a consultation on this crucial area. The Enterprise Act introduced a series of measures designed to strengthen the UK competition framework, transform the approach to bankruptcy and corporate rescue and empower consumers. Part of this was...
by Jessica Garbett | Apr 10, 2019 | ACCA, capital taxation, property taxation, residence and non residence
he Stamp Duty Land Tax: non-UK resident surcharge consultation is open for comment until 6 May. It introduces the concept of a SDLT surcharge for non-UK resident individuals and certain non-natural persons purchasing residential properties in England and Northern...
by Jessica Garbett | Apr 8, 2019 | ACCA, business taxation, personal taxatation
Tax charges on outstanding loans come into effect on 5 April 2019, but what future relevant dates should I know about? Overview The new loan charge regime effectively starts from 5 April 2019 and relates to loans primarily made between 6/4/1999 and 5/4/2019. HMRC...
