Please excuse the naivety but trying to get my head around some basics of the IHT as of Apr 2027. If there is a husband and wife that have property worth £1 mio and pension worth £2mio, the husband dies before age 75, everything goes to the wife IHT free and ... Continue Reading
I'd like update my will to leave some money to an American 501(c)3 charity but it's confusing how to do this without losing a huge amount of it to tax. I've spoken to the Charities Aid Foundation but I'd really like to speak to a tax person who has experience in ... Continue Reading
As the subject states, do HMRC routinely ask for evidence (property purchase/rental agreement) to prove that a residence has been established overseas upon claiming to be non resident for the first time? Or do they simply ask for the current residential address ... Continue Reading
Hi folks, I am currently planning to leave the UK next spring, around the end of March which means I will be tax resident in the UK for the whole of 2026/27. I hope to have left before 6th April 2027 meaning I would become tax resident in my new country (TBC) ... Continue Reading
I have an untouched private pension. I want to withdraw just the tax free 25% in a way which counts as income, so that I can give the excess above my needs to my offspring. I know how gifts-out-of-income work and have already started a pattern of regular gifting ... Continue Reading
Hi, I have a rental property. I had builders do work on my personal property, but they also did work on the rental (fixing some render and a chimney leak). They invoiced me a generic £6k invoice for 'Property Maintenance' and addressed it to my rental property. ... Continue Reading
Hi to you all. Having retired many years ago, I recently took up a hobby and have written a couple of history books on local activities. I have had them printed, sold them and donated all profits to charities. Not hundreds of books, more like a couple of dozen. As ... Continue Reading
Some time ago, a client who is now a Canadian resident withdrew £20,000 income from her UK drawdown plan. It suffered tax of over £7,000 under UK PAYE. She completed the Canadian DT form and I submitted it to HMRC. They rejected her claim on the grounds that ... Continue Reading
