UK & Offshore Tax Planning Blog
Trusts have taken a bit of a hammering in recent years. With the trust tax rate now at 40% and the change to the inheritance tax regime and anti avoidance rules, they are increasingly less attractive as a means of providing for family members. The…
As the basic rate of income tax has been reduced to 20% (from 22%) they've also got rid of the 10% starting tax band. There is though a new 10% savings rate £2,320 of savings income. Savings income for this purpose is effectively bank & building…
The new entrepreneurs relief provisions for capital gains tax purposes don't apply to investment assets. If you're selling a business any investment assets simply won't qualify for relief and will be excluded from the entrepreneurs relief…