Faculty of Doctoral Research
Some advisers claim that by taking a series of steps planned in advance, the value of a property company’s shares is completely sheltered from inheritance tax (IHT). When something seems too good to be true… Unfortunately, the reality is that property held personally, in a trust or in a business will be subject to IHT. […]
Q I have a client who is a supervisor and paid on PAYE. When I do the self-assessment checker, the last question asks if they are proctoring and then says they need to do a self-assessment. I don’t understand why because they are on PAYE. Can you please clarify? It also appears that supervisors can […]
We support our Tax Partner Pro members through our email and callback service. Here’s a look at some of the most recent questions we answered on July 24. Q My client has the following income: UK state pension / UK self-employment / UK rental income All of this will continue – but he plans to […]
Case of the month – Complex self-assessment tax return Introduction Our client contacted ETC Tax for some fairly complex tax matters after being laid off throughout the year and making a significant sale of stock in his ex-employer. Issue Our client had to take into account various factors, such as:• Various gift aid payments;• A […]
So, what is a split? Spin-off is a somewhat catch-all term for any situation in which a company or group of companies splits into two or more parts. This could be due to several reasons… Part may need to be sold and part kept Shareholders may have agreed to part ways It is simply necessary […]
Introduction In preparing a tax return for our client, we found that in previous years he had not taken into account his pension contributions and the impact this might have on his tax liability. The problem The issue was that our client could have been required to pay the annual retirement allowance due to his […]
In the UK and around the world, people are living longer. The latest statistics show that by 2030, one in six of us will live past 60, and 70 will now be classed as the new ’65’, or the start of old age. As more of us live to old age, the risk of becoming […]
With over 4.5 billion people worldwide on social media, we are constantly bombarded with opinions, viewpoints and even fake news on various topics. While it is interesting to hear the perspectives of everyone around us, not everyone is able to provide accurate legal advice. Law firms play an indispensable role in the legal landscape by […]
In short, an “exchange” is an exchange of contract whereby the buyer and seller are legally obligated to proceed with the sale of the property. Whereas “completion” takes place after the exchange of contracts. At this point, the buyer receives the keys to their new home and the seller transfers the remaining funds to them. […]
Did you know that the ONS Government’s most recent figures on marriage and divorce show that the number of people remarrying in the UK has remained largely the same since 2019? In fact, the number of people who marry more than once remains quite high. More than 14% of marriages involved the remarriage of both […]
