UK & Offshore Tax Planning Blog
Joint bank accounts may be a flexible and practical solution for the management of money on a day to day basis. Many couples have joint accounts to make paying bills and arranging household finances easier. It is not uncommon for elderly parents to…
An inheritance tax exemption that is often overlooked is the exemption for 'normal expenditure out of income'. Where this applies it can lead to amounts paid to family/relative/a trust to be excluded from a deceased's estate when calculating any…
If you own a buy to let property minimising income tax on the rental income will no doubt be a key issue. Given the highest income tax rate is at 45% this can represent a significant reduction in your take home profits. One of the main tax deductions…