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The revenue raised from Inheritance Tax (IHT) has dropped for the first time in ten years. This owes more to the introduction of new tax reliefs, like the Residential Nil Rate Band, or the reduced tax...
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Christopher McNeill says there is no need to pay income tax AND Inheritance Tax Income is subject to income tax, reams of legislation being devoted to making sure this is so. Taxed income then find...
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Marriage may revoke an existing will, it does not replace the will with a set of readymade provisions. A will is in fact very like marriage: the first step in a lifelong plan which you have decided...
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From 6 April 2020, the same rules for the disposal of UK residential property apply to UK resident taxpayers as they have done to non-UK residents since the start of the tax year 2019-20. The new rule...
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Christopher McNeill says – You may need to look beyond the official guidance in dealing with jointly owned assets Lasting Powers of Attorney (LPAs) are more popular than ever. At the end of 2019,...
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Christopher McNeill says: be aware the transition period at the end of the tax year in which two reporting systems might apply to the sale of UK residential property. A number of CGT changes for re...
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Christopher McNeill says: there is never a bad time to sign your will – as long as you can find the witnesses! You’ve been at home for a fortnight, the place has never been so clean, you’ve m...
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Christopher McNeill says: beware the transition period at the end of the tax year in which both reporting systems might apply to the sale of residential property. After 5 April 2020, a UK resident...
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