Category Archives: Tax Savings

Balancing charity giving with bequests

One of the “surprises” of the 2011 Budget was the announcement that the Government intended to reward those who leave money to charity after their death. Effectively the Inheritance Tax Charitable Relief scheme allowed those leaving 10% of their estate … Continue reading

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Calculating an Inheritance

The recent HMRC investigations into small business tax, including that of plumbers and restaurants, have received fairly wide publicity. However, according to accountancy firm UHY Hacker Young, there is another area which HMRC have been quietly spotlighting over the past … Continue reading

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The complexities of corporate transaction tax planning including SDLT implications

One of the mainstays of the Government’s recovery policy is the encouragement of small business and enterprise. Its success in this area is partially underlined by the number of new companies being registered at Companies House. In March 2011 alone … Continue reading

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Budget countdown for higher earners

With less than a week to go before the Budget the rumour mill is in full spate. With every passing remark being scrutinised in depth by the financial press it is sometimes difficult to differentiate between controlled leak and mere … Continue reading

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Income tax planning 2010/11

HMRC has issued a timely reminder to everyone filing Income Tax Self Assessment (ITSA) Tax Returns that the new penalty regime for late filing of returns starts shortly. This includes not only an initial £100 fine but daily charges of … Continue reading

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A taxing time

The Japanese earthquake and tsunami has shocked everyone around the world and our thoughts are with the Japanese people as they start the task of reconstruction. As the full scale of the disaster unfolds the financial markets are still trying … Continue reading

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Time is running out for year end tax planning

Time is fast running out for those looking to complete their tax planning for the 2010/2011 tax year. With only just over three weeks in which to review, plan, complete applications and transfer funds the clock is ticking for those … Continue reading

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Helping the country whilst mitigating tax

Top rate tax payers have only a short time left to take advantage of a Government backed tax mitigation scheme warns Newshams Tax Solicitors. The current scheme which gives tax relief for investments in Enterprise Zone development and which has … Continue reading

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An enterprising way to mitigate tax

Rightly or wrongly the perception of many people is that the Government’s main preoccupation is to find ways of increasing tax. With the inevitable consequence of the recent recession it is true that tax allowances and rates are changing and … Continue reading

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Tax Planning – Income Tax Shelter for 2010/11

How to reduce your income tax liability for 2010/11 tax year using a Government-backed scheme. Continue reading

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