family home allowance

The family home allowance

Not everyone’s a winner with the recently-introduced residence nil-rate band. Rising property prices have left more families being elevated to millionaire status and dealing with the inheritance tax (IHT) implications that come with it. The Treasury collected £4.6 billion from IHT in 2015/16, compared to £2.69 billion in 2010/11, to reflect a rising year-on-year trend. […]


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Managing the digital revolution

Making Tax Digital (MTD) will mean most businesses and taxpayers access their tax affairs online through digital tax accounts in the near future. But what impact will MTD have on your business? What is Making Tax Digital? “Tax really doesn’t have to be taxing”, said former chancellor George Osborne as he announced plans at Budget […]


How to incorporate the Lifetime ISA into your savings strategy.

The past few years have seen several innovations in the savings account market. Gone are the days when savers only had cash and stocks and shares ISAs to choose from. Nowadays you can open specialist accounts designed to help you save for your first home and for your retirement. These innovations have helped to position […]


Residence and domicile

A guide to the rules as they affect individuals, and why they matter. Tax residence In general, you are taxed by the country where you are ‘tax resident’. It is possible to be tax resident in 2 or more different countries simultaneously, because tax years of different countries overlap, or the laws conflict. Where the […]