Tax
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Potential tax changes could reshape UK property market, warns legal expert
In response to reports that the Government may remove Principal Private Residence Relief for homes worth over £1.5 million in the next…
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Accountants and financial advisers’ clients struggle with tax bills
Accountants and financial advisers are increasingly seeing clients struggling to pay tax bills with the average bill they are struggling to pay…
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Costs of privately schooling next generation set to nearly double
With A-level results out yesterday, Weatherbys Private Bank’s annual school fees study reveals the impact of VAT and inflation on private school…
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Spectre of inheritance tax sees grandparents’ wills changed after death to skip a generation
As the government seeks to balance the books, even the modestly well-off fear hefty inheritance tax bills. This is driving many to…
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Rachel Reeves’ rumoured crackdown on gifting in order to increase IHT
The value of “gifts out of surplus income” rose 177% to £144 million in the 2023/24 tax year*, up from £52 million…
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4 in 5 advisers spending more time discussing implications of IHT on pensions
Incoming inheritance tax liability (IHT) on pensions is forcing change in how financial advisers spend their time and what they discuss with…
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Rumoured lifetime gifting cap risks stifling intergenerational support and adding complexity to tax system
With many rumours circulating in the national media around the implementation of a cap on lifetime gifting, first reported by the Guardian, Rachael Griffin, tax and financial…
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Surge in delays in HMRC alternative dispute resolution creating uncertainty for taxpayers
The number of Alternative Dispute Resolution (ADR) cases exceeding HM Revenue & Custom’s (HMRC) four-month resolution target has more than doubled over…
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Dividend tax squeeze to hit record 3.7 million people
New HMRC figures obtained by Quilter through a Freedom of Information request reveal the full extent of the dividend tax squeeze facing…
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Tax rises are coming — and UK asset holders must act now
The question is no longer if taxes will rise in the UK, but how quickly and how sharply, warns the CEO of…
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