Articles and News

31Jul

The Summer Budget implications for ‘Buy-to-Let’ housing

The Summer Budget implications for ‘Buy-to-Let’ housing
A major shake-up of the buy-to-let housing market could be about to take place, after the Chancellor announced plans to change mortgage tax relief for landlords. In his Summer Budget speech, the chancellor said that the relief will be cut to 20%, from 40-45%, in an effort to “level the playing field” between buy-to-let landlords and ordinary house buyers.

Posted in Tax, Budgeting and Cashflow

29Jul

Budget 2015: Are taxpayers really winners?

Budget 2015: Are taxpayers really winners?
An analysis of the Chancellor’s Summer Budget recently published by ‘This is Money’ presents the outcomes for individuals and families in relation to broad categories of ‘Winners’ and ‘Losers’. One category labelled as winners are Taxpayers.

Posted in Tax, Budgeting and Cashflow

30Jul

Budget 2015: Practical applications of the new Inheritance Tax rules

Budget 2015: Practical applications of the new Inheritance Tax rules
Inheritance tax, once only paid by the super-rich, has become a middle-class plague as house prices have soared. But millions will now escape this unpopular ‘death duty’ thanks to a chunky new allowance announced by the Chancellor. For all bar the wealthiest, inheritance tax should no longer be a problem. The new rules mean family members will be able to inherit as much as £1 million from 2020 without paying 40% death tax – so long as the estate goes to children or grandchildren and includes a family home worth between £650,000 and £2m.

Posted in Tax

28Jul

Budget ‘Tax Raid’ on Dividends and Investment Income

Budget ‘Tax Raid’ on Dividends and Investment Income
Changes to dividend taxation rates will see entrepreneurs and small business owners pay £6.8bn more in tax during the next five years, a move The Daily Telegraph described as a ‘tax raid’.

Posted in Tax, Business planning