Discounted Gift Trusts: A Smart Way to Reduce Inheritance Tax While Keeping an Income Want to reduce Inheritance Tax (IHT) without giving away complete access to your money? A Discounted Gift Trust could offer a solution. Many people face a difficult choice when planning their estate. They can either give…
Support Jack Meredith’s 2027 TCS London Marathon Challenge: In 2027, Jack Meredith will take on one of the world’s most iconic endurance events, the TCS London Marathon. This incredible challenge is about far more than running 26.2 miles. It is about raising vital funds, creating awareness, and making a real…
HMRC Class 2 National Insurance Error Could Affect Your State Pension Thousands of self-employed individuals across the UK are being urged to check their National Insurance (NI) records after HMRC identified an issue that may have left around 800,000 taxpayers with missing Class 2 National Insurance Contributions (NICs). If you’ve…
Do you need to pay tax on your side hustle? Those who have turned their hobby into a side hustle are being reminded by HMRC that their income from these activities may be taxable. With wedding season in full swing, some may be making some extra income from selling wedding…
QUESTIONS OVER FUTURE TAX CHANGES UNDER NEW PRIME MINISTER ANDY BURNHAM Since becoming Prime Minister, Andy Burnham has made cost-of-living support a key focus. One headline measure announced this month is the planned removal of VAT on household electricity from October 2026, which the Government estimates could reduce average household…
Are Family Investment Companies Right for Your Wealth and Inheritance Tax Planning? With ongoing changes to inheritance tax (IHT) legislation and increasing concerns about preserving family wealth, many high-net-worth individuals are exploring advanced estate planning strategies. One option attracting growing interest is the Family Investment Company (FIC). A Family Investment…
For those sole traders and directors that have self-assessment tax commitments, the second payment on account is due by 31 July 2026. It will be important to check what’s due and pay the bill online by the deadline. If there are problems with paying the full amount, there may be the…
Employee Ownership Trusts (EOTs): Why More UK Business Owners Are Choosing a Tax-Efficient Exit For many business owners, selling a company is one of the most significant financial decisions they’ll ever make. Traditionally, this meant finding an external buyer, selling to a competitor, or passing the business on to family…
Could You Be Entitled to an SDLT Refund? Buying a property that requires major renovation can be an excellent investment opportunity. However, many buyers are unaware that purchasing a property that is genuinely uninhabitable may affect the amount of Stamp Duty Land Tax (SDLT) payable and, in some cases, could…
Could the EU’s New Entry-Exit System Trigger a UK Tax Residency Investigation? The European Union’s new Entry-Exit System (EES) is designed to strengthen border security and improve the monitoring of travellers entering and leaving the Schengen Area. However, for UK holiday home owners, remote workers, expatriates and frequent travellers, the…