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Changes to the Tax Treatment of Non-Domiciles

New Tax Rules for UK Non-Domiciles are to come into effect from 6 April 2017. Draft legislation on most of the changes has been included in the Finance Bill 2017 which was published on 5 December 2016. There have been some changes since the previous proposals, in...

Attention Anyone Living in Scotland

Those living in Scotland face higher tax bills The Scottish Parliament announced their budget for the 2017/18 tax year on 15 December 2016. Rather surprisingly they have decided to subject Scottish taxpayers to a higher tax bill than those in the rest of the UK. For anyone...

Running the Risk!

According to data from the Institute of Financial Accountants and solicitor search engine, Prudential and Unbiased.co.uk, 59% of adults have yet to complete a Will. The information gathered suggests that the older age groups (over 55) saw a drop of 6% in Will completion compared to last...

Understanding and Reducing Inheritance Tax

£4.6 billion was paid in Inheritance Tax revenues last year, and by 2020 one in 10 estates could be charged Inheritance Tax. Inheritance Tax is charged on your estate when you die, at a flat rate of 40%. With the current threshold sitting at £325,000 a great...