Tax
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£100k tax trap to hit 2.3m taxpayers by 2029
Nearly 2.3 million taxpayers are set to earn over £100,000 by 2028–29, exposing them to the UK’s most punitive tax trap and stripping families of…
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Inheritance tax – The ‘unfairest’ of them all
New research from Canada Life reveals that inheritance tax (IHT) tops the rankings amongst Brits as the UK’s most unfair tax. When…
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Autumn Budget watch: is gifting a foreign property an option?
With the Autumn Budget fast approaching, uncertainty around potential changes to inheritance tax and lifetime gifting rules is rising. Rumoured caps or…
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Numbers of wealthy leaving the UK will keep rising, study finds
High net worth investors expect the number of wealthy people leaving the UK to keep climbing over the next three years, new…
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65% or 720,000 people are paying the UK’s highest rate of tax due to “fiscal drag”
720,000 people, or 65% of all those paying the UK’s highest rate of income tax are having to pay the 45% tax…
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Income tax retreat raises big questions ahead of Budget
A new Rathbones survey shows income tax worries rising ahead of the Budget, with 40% of UK adults concerned. As speculation intensifies,…
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Expert warns of eroded trust caused by the hidden cost of tax reforms on SMEs
CONFIDENCE among SMEs is being eroded by the Government’s constant changes to tax rates, a leading expert has warned. All eyes are…
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50 years of the 1975 Inheritance Act: is it time for reform?
Today marks the 50th anniversary of the Inheritance (Provisions for Family and Dependents) Act 1975. TWM Solicitors, a leading private client and family…
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One in eight business chiefs set to leave UK over tax burden
The leaders of one in eight (12%) small and medium-sized enterprises (SMEs) – equivalent to around 680,000 businesses out of the UK’s…
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Eight in ten savers say tax uncertainty is hurting their financial planning
The uncertainty around future tax changes is taking a toll on financial confidence. Nearly eight in ten people (78%) said it affects their financial…
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