KNOWLEDGE & RESOURCES

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Reduce your Capital Gains Tax bill by splitting assets with your other half

At a glance Thinking of selling your second property? Cashing in a share portfolio? When you sell an asset that’s gone up in value since you bought it, you may have to pay Capital Gains Tax or CGT on your profits. One possible way of reducing this tax bill, is by giving an asset away […]

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How to mitigate your Inheritance Tax bill

At a glance Nobody likes talking about death, and many of us aren’t that keen about talking money either. So it’s not surprising that many of us put estate planning, and IHT strategy, on a back burner. However, while we might not enjoy talking death and taxes, one thing’s for certain. Nobody wants to pay […]

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Will paying for long-term care affect my inheritance planning?

At a glance Many of us find it hard to think about ourselves, or our parents needing help as we get older. And when we do start to think about it – perhaps in our 50s or 60s – the cost implications can make us wince. The high cost of social care can quickly swallow […]

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Navigating the Spring Budget: Opportunities for Tax Efficiency and Financial Planning

This year’s Spring Budget arrived a tad earlier than usual amidst a backdrop that’s become all too familiar in recent years: rampant speculation and anticipation. Much of the pre-budget discourse centred around potential pre-election tax cuts, with National Insurance reductions leading the pack, and the balancing act of tax increases, notably targeting non-Domiciles and investors […]

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Growing firms face challenges, but there are positive signs for the year ahead

At a glance News that the UK went into recession at the end of 2023 is a reminder of the tough economic environment facing small businesses. But despite this, the outlook for SMEs in the UK is cautiously optimistic. According to figures from the British Chambers of Commerce, business confidence improved in Q4 of 2023, […]

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Using pensions and ISAs to reduce your tax bill

At a glance Many of us will face bigger tax bills this year. With the personal allowance frozen until 2027/28, plus the additional rate threshold dropping to £125,140, taxes will increase by £40 billion by 2028, according to the Institute for Fiscal Studies.2 In addition, the tax-free allowances for Dividend and Capital Gains Tax will […]

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