Tax
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Cash ISAs confuse what’s safe with what’s suitable | Oxford Risk’s Greg B Davies looks head to the budget
Recent speculation about possible announcements in the upcoming budget restricting Cash ISA allowances misses a more fundamental problem according to Greg B…
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Tax take swells on fiscal drag ahead of Budget but genuine growth remains elusive
Rachael Griffin, tax and financial planning expert at Quilter, examines the latest HMRC data, which reveal the government’s deepening reliance on fiscal…
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Borrowing strain means Chancellor likely to need to raise £25bn in taxes
Mounting pressure on public finances has left Chancellor Rachel Reeves facing a £25bn tax rise to balance the books, according to Rathbones.…
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Households urged to ‘prepare, not panic’ as inheritance tax worries rise ahead of Autumn Budget
Jonathan Halberda, specialist financial adviser at Wesleyan Financial Services, warns that growing speculation over inheritance tax reforms is driving households to make…
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Surge in demand for estate planning advice as advisers prepare for IHT reforms
Financial advisers are bracing for a surge in demand for inheritance tax planning (IHT) as new rules take effect. Transact’s latest adviser…
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Inheritance Tax hits 6-month high and Capital Gains Tax rises as Budget looms
The latest HMRC update published this morning shows that the Chancellor collected £1,129 million in Capital Gains Tax (CGT) through the first…
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Pensioners account for nearly half of taxpayers hit by cash savings tax trap
Pensioners account for almost half (44%) of all taxpayers facing an HMRC bill for interest earned on their cash savings, new data…
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Failure to Notify penalties for CGT have doubled in past two years
A Freedom of Information (FOI) request submitted by Financial Software Ltd (FSL) has discovered Failure to Notify penalties issued by HM Revenue…
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deVere issues final alert ahead of likely UK tax raid
For months, deVere Group has warned that UK asset holders face tax hikes in Chancellor Rachel Reeves’ November Budget. With fiscal headroom…
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HMRC cracks down on second home sales in record CGT compliance surge
HM Revenue & Customs (HMRC) netted £256 million from more than 10,000 Capital Gains Tax (CGT) compliance checks in 2024/25, the highest…
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