Are you aware that there is a fundamental change in the way your tax will be calculated in the future?
George Osbornes planned reforms could mean that a typical landlord who historically had no tax to pay on property letting profits will be left with annual taxation liabilities running into £000’s.
Previously landlords were able to claim allowable interest relief on their […]
After last month’s budget, we at ad+ have been reviewing the Chancellor’s statement and the Budget documents to interpret the impact on our clients.
The good news is the further increase in the personal allowance and higher rate threshold, which has benefits for all. For business owners, the increase in Employment Allowances adds a further saving of £1,000 and the changes […]
Inheritance tax ‘Nil Rate Band’ and rates
Inheritance Tax is charged at the following rate on death:
Inheritance Tax
Current tax year
Taxable value of your estate above which it is charged
£325,000*
Rate at which it is charged
40.00%
* Inheritance Tax threshold frozen (until 5 April 2018)
We can help you evaluate the size of your estate—which could include assets such as property, pensions, shares and personal […]