Monthly Archives: June 2014

No exemptions from tax demands, says HMRC

HMRC is bringing in new rules that will enable it to issue payment notices or demand notices to investors in tax avoidance schemes, meaning the tax must be paid up front. The money could then be returned to investors if …

More families face IHT bills

Treasury forecasts indicate that the number of families hit with IHT bills will rise by a third this year.Rising house prices and the recovering economy are expected to push tens of thousands more people over the £325,000 threshold for paying …

Clegg revives mansion tax plans

Nick Clegg has said that the Liberal Democrat election manifesto will include a reformed ‘mansion tax’. During his speech, the Deputy Prime Minister also indicated he is planning to borrow in order to build homes and boost the economy through …

Trust reform mooted

HMRC has considered putting a limit on the amount individuals can transfer into trusts tax-free in an effort to clamp down on the use of multiple trusts to avoid inheritance tax. Under the new rules, a couple would only be …