Tax planning

Tax | Six tax tactics to deploy before financial year-end

With the end of the tax year a fortnight away, it may seem too late to think about making your finances more tax efficient. But there’s still time to employ some effective tax tactics, says Jason Hollands, managing director at investing platform Bestinvest

25 Mar 2022

Tax | Salary sacrifice: does it make tax sense?

As national insurance rates rise, salary sacrifice and optional remuneration arrangements provide some valuable tax breaks, explains Kate Upcraft, director, Kate Upcraft Consultancy Ltd

23 Mar 2022

Tax | Q&A: capital gains tax on transactions in land

In this week’s Q&A, Croner Taxwise tax advisor David Lawson examines the capital gains tax treatment on different land transactions

15 Mar 2022

Tax | Personal tax planning tips for year end

There are now less than two months until the end of the tax year, so Laura Suter, head of personal finance at AJ Bell, gives her guide to what people need to consider before the 5 April deadline

11 Mar 2022

Tax | IHT liability and gifts for the maintenance of family

Tax expert Meg Saksida FCA, CTA, TEP, considers the inheritance tax rules when making gifts for the maintenance of family, including exemptions and threshold limits

9 Mar 2022

Tax | Q&A: private residence relief for a trust

In this week’s Q&A series, Kiya Jacobs, tax advice consultant at Croner Taxwise, explains whether principal private residence relief (PRR) is available when a property is held in trust and capital gains tax liability

8 Mar 2022

Tax | HMRC will name promoters of tax avoidance

HMRC has been given new powers to clamp down on promoters of tax avoidance and publish details of individuals and firms involved with questionable tax schemes

3 Mar 2022

Law and regulation

Tax | Transferring unused basic threshold for inheritance tax

HMRC has issued guidance on the rules for transferring the basic tax-free allowance, known as the nil rate band, to a surviving spouse or civil partner

28 Feb 2022

Tax | Office of Tax Simplification to review approach to tax

The Office of Tax Simplification (OTS) is reviewing its future role and how it will address ‘tax simplification’

25 Feb 2022

Tax | Business property relief and investments

When making a claim for business property relief, it is important to ensure that it is related to business activity and not pure investment. Stephanie Webber, tax writer at Croner-i, examines the tax compliance issues

23 Feb 2022

Tax | The finer details of director’s loan accounts

Tax compliance is an important consideration when considering the use of director’s loans. Chris Wilkins FCCA, founder of Wilkins Southworth, considers the potential pitfalls

21 Feb 2022

Tax | Determining the tax residence of individuals

Residency is an important factor when deciding which jurisdiction the taxpayer should pay tax in and rules vary between countries. Guillermo Narvaez, tax partner and technical director, Kreston Global Tax Group, considers the tax traps

14 Feb 2022

International tax

Tax | Plans for two freeports for Scotland

A partnership agreement to establish two green freeports in Scotland has been reached between Scottish and UK ministers with plans to come online in 2023

14 Feb 2022

Tax | Tax reporting should take into account ESG

Businesses need to start looking at tax reporting from an environmental, social, governance (ESG) perspective to build trust and prove commitment to sustainability and social responsibility, says PwC

9 Feb 2022

Tax | Top 10 tips: pension tax advantages and pitfalls

Do you know your lifetime allowance from the restrictions of the money purchase annual allowance for pensions? Adrian Lowery, personal finance expert at Bestinvest, and Louise Higham, chartered financial planner at Tilney, Smith & Williamson explain the tax intricacies

3 Feb 2022

Tax | Lifetime tax bill hits £1.1m per household

The average household will pay over £1.1m in tax in their lifetime, meaning they would have to work for 18 years just to pay off their tax bills

31 Jan 2022