A Complete Guide to Family Investment Companies (FICs)
This article discusses Family Investment Companies (FICs) as tax-efficient structures that provide strategic wealth transfer with control over assets, flexible share types, and considerations for inheritance and corporation tax. It explores the balance between benefits and drawbacks for effective financial...
Importance of Making a Will to Avoid Inheritance Tax in the UK
This article will discuss the importance of creating a will in inheritance tax planning, covering control over asset distribution, tax-efficient gifts, allowance utilisation, and strategic trust setups to minimize tax liabilities with professional guidance.
Residence Nil Rate Band | Inheritance Tax Relief
This article delves into the Main Residence Nil Rate Band (RNRB), introduced in April 2017, offering an additional inheritance tax threshold for transferring the family home to direct descendants. It covers qualifying criteria, relief mechanisms, tapered withdrawal, and the transfer...
Explained: How Income Tax and Personal Allowance Works
Learn about how personal allowance and Income Tax works with this in-depth article.
Estate Administration and Inheritance Tax in the UK
Learn about how you can ensure the safe inheritance of assets while making sure entire process will go smoothly with our guide on Inheritance Tax.
A Guide to Non-Resident Capital Gains Tax (NRCGT) in the UK
This article discusses Non-Resident Capital Gains Tax (NRCGT) for non-residents selling UK properties, covering both residential and non-residential assets, with a focus on key factors like acquisition date and valuation, emphasising the importance of meeting reporting and payment deadlines.
A Case Review of Hora Tevfik v The Commissioners for Her Majesty Revenue
This article talks about a pivotal June 1, 2023 analysis that meticulously explores the intersection of property law and taxation, shedding light on its far-reaching impact on Homes with Multiple Occupation (HMOs). Delving into Capital Allowances, Multiple Dwellings Relief, and...
Derelict Property Determination: A Review of P N Bewley v HMRC
Find out how the refund claim on a derelict property played out in the case between P N Bewley LTD and HMRC.
Stamp Duty on Mixed Use Property
This article addresses Stamp Duty Land Tax (SDLT) on mixed-use properties, highlighting the importance of accurate SDLT forms and considering Multiple Dwellings Relief (MDR) for the residential portion, vital for tax advisors and property owners.
