IHT Deductions for Liabilities: A Planning Idea from HMRC!

IHT Deductions for Liabilities: A Planning Idea from HMRC!

An inheritance tax anti-avoidance rule potentially affecting ‘innocent’ situations, and a possible solution – courtesy of HMRC! Inheritance tax (IHT) is a particularly unpopular tax. Not only does it cause us to think about our own mortality, but the prospect of estates being diminished by IHT at the 40% ‘death rate’ is unwelcome to say. Read more

Contractor loans tax settlement opportunity

Contractor loans tax settlement opportunity

Many contractor clients, generally IT contractors, who have used arrangements to receive income in the form of a loan instead of part of their salary will have received letters from HMRC this month offering a Contractor Loans Settlement Opportunity. They, as well as many previously unrepresented taxpayers, will have approached their accountants to ask for. Read more

BPro Tax

Tax Online

Online access to Bloomsbury Professional books, looseleafs and journals, across numerous practice areas. Free Trial