Financial advisor Arnold Aaron on a recent case where a different approach might have saved significant sums of Inheritance Tax. Introduction As a Financial Advisor, ... Continue Reading
Supposedly “protecting the Exchequer” has given rise to a multitude of sins against the general taxpaying public. Here’s another, warns TaxationWeb’s ... Continue Reading
What lies beneath the Chancellor’s 2021 Budget? TaxationWeb’s Lee Sharpe at the main points to come out of the Budget Speech… and the woodwork. Introduction Having ... Continue Reading
Mark McLaughlin looks at a case on the tax treatment for a professional consultant who sold his business. Introduction It is common in many occupations and professions ... Continue Reading
Mark McLaughlin points out that staying single could save Inheritance Tax in certain circumstances. Introduction The UK’s tax system features various reliefs, ... Continue Reading
Coronavirus Job Retention Scheme (CJRS) to be Kept Until March 2021 (UK-Wide) This is a UK-wide measure, albeit prompted by developments in England. The Coronavirus ... Continue Reading
Mark McLaughlin, co-author of ‘Ray & McLaughlin’s Practical IHT Planning’ (Bloomsbury Professional) highlights some key considerations when ... Continue Reading
Mark McLaughlin warns that appeals against some penalties from HMRC could have unexpected and unwelcome outcomes. Introduction Penalties can be imposed by HM Revenue ... Continue Reading
Mark McLaughlin highlights an inheritance tax exemption for gifts, which may be useful to individuals wishing to make gifts without waiting for the normal seven-year ... Continue Reading
Mark McLaughlin highlights a case in which HM Revenue and Customs was not given its own way when requesting information to check a taxpayer’s tax position. Introduction Taxpayers, ... Continue Reading
