Have you made any New Year’s Resolutions? According to a 2008 survey in the Daily Telegraph, forty per cent of Brits planned to make New Year’s Resolutions in 2009.  And, amongst these, six out of ten people intended making a resolution relating to their finances. So, with the New Year upon us, here are three [...]

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Christmas may be a time of year when tax issues are the last thing on your mind.  Few of us give our tax affairs much thought as we exchange gifts with our friends and families. However, there are several ways in which Christmas can affect the tax that you pay.  A recent report from the [...]

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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 [...]

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Have you made a profit on an asset? If you have, it is possible that you will have to pay some Capital Gains Tax (CGT).  However, the rules for CGT are complicated and incorporate gains and losses, exempt items, annual allowances and multiple tax rates. Our guide explains what Capital Gains Tax is and when [...]

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Tax rebate forms can be quite complicated if you have never attempted to complete one before. Everyones situation is likely to be different but in this blog post we wanted to highlight some general tips and advice when completing your tax rebate forms and submitting them to the government: 1. Complete all the forms that [...]

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We know of a number of retired people that are leaving the country now that the summer is almost over, heading to warmer climates for the winter. Younger adults are also making the most of the economic downturn and taking sabbaticals or gap years before starting work again, when the economy has (hopefully!) picked up. [...]

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With house prices falling sharply over the last few years, it is possible that people selling inherited property or land will receive a lot less than the probate value. The Wealth Protection Report notes that a special “loss on sale of land” relief can be obtained when the “appropriate person” sells an “interest in land” [...]

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What with Chrysler going Bankrupt and GM not too far behind, redundancy is becoming more and more real. Despite redundancy being a horrible experience for anyone there can be a tax advantage. Any UK redundancy payment made outside of an employment contract which is less than 30,000 pounds is tax free. Any amount above this [...]

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