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For deaths on or after 6 April 2012, estates that include charitable legacies of at least 10% of the net estate will benefit from a 36% inheritance tax (IHT) rate.
The key points are as follows:
The...
Time for a pay rise…..?
One of the skills that a Chancellor needs is sleight of hand. One of the skills needed by Budget commentators and observers is cynicism.
For example, as is fairly well known by now, there was a...
Stamp duty victory for the taxpayer
What do you expect from a story about tax? Taxes are rising. Legislation is getting more complicated. Compliance more burdensome. HMRC have launched their latest crackdown (currently plumbers). ...
Britons are needlessly paying billions in tax – are you one of them?
The professional advice website unbiased.co.uk has recently published its 19th annual Tax Action Report and, according to its findings, British taxpayers are set to unnecessarily hand over £13.5bn to...
Care home fees threaten wills
Newly-published research by health care analysts Laing & Buisson and the House of Commons Library has revealed that thousands of pensioners are being forced to sell their homes in order to pay residential...
Tax system explained in beer
I was just sent the following in an email.
I'm posting it since it's amusing and with no reflection of whether or not I think it is accurate. For one thing, if I have a hard time imagining the pub...
The cost of being a grandparent rises to £120,000
Research carried out by NSM Research on behalf of Yours magazine has concluded that the average cost of being a grandparent (over the first 18 years of their grandchild’s life) is £50,252. If the...
Victory for the OECD
For many years, the OECD have been at the vanguard of the international campaign against tax havens. This has been particularly visible since the G20 meeting in London last year. As can be seen from...
Buy-to-let investors will be hit by planned capital gains tax rise
The new coalition government has outlined plans to increase capital gains tax (CGT) for non-business assets from 18 per cent to, perhaps, 40 or even 50 per cent – and this could affect buy-to-let investors...
Budget Date Announced
The Treasury has confirmed that the Chancellor of the Exchequer will make his 2010 Budget statement to the House of Commons on Wednesday 24 March.
This is likely to be a highly political budget and...