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Topic: Tax advice


  • Leanne Hathaway - Tax and Trusts
    Inheritance Tax and the Family Home
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    It has been announced that an increase to the value of the family home which may be left free of inheritance tax is to be increased.           Who will this apply to?   This will apply to individuals with direct descendants who have an estate (including a main residence) with total… Learn more

  • SDLT & Dividends in specie
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    There may be occasions where, rather than paying a dividend in cash, it is decided that a distribution of assets (often a property) would be preferable; this is called a ‘dividend in specie’. So long as there is no obligation to pay a dividend, no SDLT liability will arise because there is no chargeable consideration…. Learn more

  • Leanne Hathaway - Tax and Trusts
    UNDISCLOSED OFFSHORE ACCOUNTS: the tax net is closing
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      HMRC is working closely with other jurisdictions to obtain details of offshore bank accounts held by UK citizens.  The most recent announcements have been in respect of accounts in the Isle of Man, Jersey & Guernsey.  There is also a key date looming in respect of accounts held in Switzerland which, if not disclosed… Learn more

  • Leanne Hathaway - Tax and Trusts
    Don’t risk a £1,200 penalty for forgetting to file your tax return! File it now
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    Income Tax returns for the tax year to 5 April 2012 were due to be with HMRC by 31 January 2013.  This is the second tax year for which HMRC can charge significantly higher penalties for the late submission of returns, and these often cannot be appealed.   Daily penalties start to be charged on 1… Learn more


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