Unlocking the Intricacies of Inheritance Tax in the UK: A Comprehensive Guide
In the realm of financial planning and estate management, one facet that demands careful consideration is the ever-present subject of...
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lily56904
Feb 212 min read
Navigating the World of Capital Gains Tax in the UK: Unveiling Key Insights
Wednesday 21st February 2024 Understanding Capital Gains Tax (CGT) is paramount for anyone navigating the financial landscape in the UK....
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Pro Tax Plus Accountants
Jan 1, 20215 min read
Minimising property profits in the pandemic
The article considers the scope for buy-to-let landlords to reduce their taxable profits in the current general financial difficulties....
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Pro Tax Plus Accountants
Dec 28, 20202 min read
Christmas gifting without the IHT sting
Ho ho ho…Christmas gifting, this article explains which gifts should be free from inheritance tax consequences this Christmas....
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Pro Tax Plus Accountants
Dec 25, 20192 min read
Give away £3,000 IHT-free each year.
There are various exemptions for inheritance tax purposes which enable a person to make tax-free gifts. One of the more useful is the...
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Pro Tax Plus Accountants
Dec 25, 20193 min read
Inheritance tax – making tax-free gifts
There are various exemptions, and potential exemptions, which make it possible to make gifts free of inheritance tax. Making tax-free...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
Cash basis for landlords – when does it apply?
The cash basis simply takes account of money in and money out – there is no need to worry about debtors and creditors and prepayments and...
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Pro Tax Plus Accountants
Dec 25, 20193 min read
Residence nil rate band
Residence NIL Rate Band and downsizing The residence nil rate band (RNRB) is an additional nil rate band, which is available where a...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
Private lettings relief
Lettings relief potentially shelters some of the gain from capital gains tax on the disposal of a property which has been an only or main...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
A quick overview of capital gains tax
Capital gains tax is payable on net gains to the extent that they exceed the annual exempt amount. Capital gains tax is a tax on the...
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Pro Tax Plus Accountants
Dec 25, 20192 min read
Making money from your spare room
Under the rent-a-room scheme, it is possible to earn tax-free income from letting out a furnished room in your own home to a lodger. You...
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