Some might say this is not a difficult question, but in a lesson learnt, the Yorkshire and England cricketer Adil Rashid has experienced a “googly” to rival one of his own from HMRC.

Protecting your wealth from Inheritance Tax

Investing in commercially operated woodlands is a way to protect your wealth from inheritance tax with other tax benefits too.  They are claimed to deliver impressive financial performance.

Notwithstanding the current pandemic, the Government’s ongoing agenda to reduce the tax gap, currently estimated to be £35bn in the latest HMRC annual report, is being enhanced by investing in additional compliance officers and new technology for HMRC, and expects to raise a further £4.7 billion in tax. In this post, we focus on how this may affect you.

Although the employment landscape has changed significantly since the most recent Budget in March this year, it is important to review and remember the basic provisions outlined by the Government in respect of Employment Tax.

Having already reviewed the provisions of the recent Budget in respect of private clients, in this post we’ve focussed on the measures outlined in respect of Business Tax.

As part of our series of posts reviewing the March 2020 Budget, it is important to look at some of the broader measures that may affect you and your family. So in this post we are focusing on the measures outlined in respect of helping your children and grandchildren, and pension contributions.

As part of our review of the measures outlined in the March 2020 Budget, in this post, we take a look at the position for Inheritance Tax.

As the second post in our series in respect of the recent Budget, we take a look at the measures outlined in respect of CGT.

It may feel like a long time ago, but on Wednesday 11 March 2020, the Chancellor Rishi Sunak presented his first Budget. Indeed, it was the first Budget of this new government and was presented confidently by a Chancellor who had only been in office for a month.