Inheritance Tax (IHT) is one of the oldest and best known taxes in the UK.  Introduced as long ago as 1796, the tax currently raises almost £4 billion a year for the UK government. However, there have been a number of changes to the way that IHT works in the UK over recent years, and [...]

Click here to read more from tax avoidance

The four biggest tax havens in the world are on course to clash with the European Union. The EU’s 27 strong high command of finance and economics minsters are meeting in Brussels to formulate a plan to safe guard billions of Euros which are diverted to Switzerland, Monaco, Lichtenstein and Andora. Many people, including ourselves [...]

Click here to read more from tax avoidance

John chow writes an excellent post on his blog about the advantages of being able to use his blog’s income to deduct expenses such as his love for fine dining. Here is an extract from the post: “Because the blog is treated like a business, you can deduct from the blog income many business related expenses that [...]

Click here to read more from tax avoidance

The Guardian newspaper has revealed that the UK economy looses out £13bn each year to the Super Rich who engage in numerous tax avoidance strategies. They go on to say that the money that the government looses each year would be enough to increase the state pension by 20%. The study was commissioned by the [...]

Click here to read more from tax avoidance