Category Archives: Personal Financial Advice

Should My Accountant Help Me Save Tax?

Many accountants will be relieved to hear of a recent Court of Appeal ruling that general accountants are under no obligation to advise clients to enter into aggressive tax avoidance schemes. The Court of appeal overturned the previous ruling that …

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More flexible pensions with latest proposal from the Budget …

Budget 2014 proved to be something of a surprise for many in the pensions industry. The industry has been calling for pensioners‘ income flexibility and choice at retirement to be widened, however the scale of the announcements in Budget 2014 …

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Tax avoidance Shock

TACKLING MARKETED TAX AVOIDANCE – the consultation document above which was issued on 24 January 2014. There is absent a lack of an appeal process before the issue of “failure notices” and also the proposed extension of the accelerated payment …

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Great news for EMI schemes

Following changes to the legislation for EMI schemes , any EMI options granted after 6 April 2012 may be subject to capital gains tax at only 10% on sale of the shares, i.e. at the entrepreneur’s tax relief rate, because …

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Ring a Ding Ding for Vodafone, but a Donger for the rest of us!

Why hasn’t there been more of a fuss over the absence of any UK tax payments by Vodafone on the £84bn proceeds from the sale of its 45% stake in Verizon Wireless? Well my understanding is that Vodafone does not …

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Estate Planning & Inheritance Tax

My partner is Non Domiciled – how best can I carry out Estate Planning for IHT? Trust planning is just as relevant for clients who may be a mix of UK domiciled and non-UK domiciled as the bloodline protection and …

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David Heaton is “bumped” out of HMRC after offering tips on how to keep money “out of the Chancellors grubby mitts”

David Heaton is “bumped” out of HMRC after offering tips on how to keep money “out of the Chancellors grubby mitts” David Heaton was filmed at a London conference entitled “101 ideas for Personal Tax Planning”, his tips included a …

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Financial Independence

by Ray Best. Retiring and achieving a decent lifestyle is achievable for most people if you know how … Politicians have created a boom or bust economic environment in the UK over the years, often using the housing market as …

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HMRC still chasing approx. £2 Billion from Employee Benefit Trusts

Many former clients of Premier Strategies and other members Tax House inspired Employee Benefit Trust arranged are very concerned about the need to make a settlement with HMRC. Should they still be concerned? HMRC is still having trouble with reclaiming …

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Settlements for Employee Benefit Trusts (including those from Premier Tax Strategies)

PREMIER EBT’s The background to this is that Premier issued a letter to clients on 28th January 2013 inviting each client to authorise Premier to enter into negotiations with HMRC regarding potential settlements on outstanding employee benefit trust arrangements. As …

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Enterprise Investment Schemes – why it is worth considering your requirements now.

You may be thinking that there’s no need to think about EIS until January next year. But before you pack up for a well-deserved summer break, make a note to check your EIS investment needs in September. Many of you …

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I have recently been advised on Estate Planning Inheritance and have been told that I should set up a loan trust arrangement, is this my best option?

That’s a difficult question to answer without knowing your full circumstances, however I understand this is primarily promoted by life insurance companies who would like you to invest your cash into their own investment funds. Let’s look at an example …

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The Swiss Tax “roll” but HMRC does not “Rock”

Tax Avoidance is OK for the really wealthy but not for hard pressed UK business owners. The incompetence and uneven approach of HMRC has been exposed once more in the Treasury’s deal with Swiss authorities. The Treasury’s attempt to tax …

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I sold an investment property last year and I am worried about the estimated £140,000 of Capital Gains Tax that I have to pay – is there anything I can do?

Capital Gains Tax is a tax on the gain or profit you make when you sell, give away or otherwise dispose of something. It applies to assets that you own, such as shares or property. There’s a tax-free allowance and …

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I’ve heard a lot about buy-to-let property investment, but need to know more before I take the first step, what do I need to know?

If you’re trying to decide whether to invest in buy-to-let property, you might want to consider the following: What market will you be entering? 1. Renting to people on benefits 2. Renting to students 3. Renting to working tenants 4. …

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I’m a High Rate Tax and face a massive tax bill for my income of £150,000 is there anything I can do to reduce my tax bill?

In order to respond to this query, I assume that you are likely to be a high rate tax payer in the future as you are employed on a high salary or self-employed with a high level of earnings. Also …

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Have You Considered a LoanBack to Finance Your Business?

Small businesses may have thought they had been thrown a financial lifeline, with the launch of the £80billion Funding for Lending scheme by the Bank of England and the Treasury back in July 2012. Aimed at solving the country’s small …

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Don’t let your legacy be inheritance tax for your grandchildren

The Government has rejected proposals to regulate will-writing, following a written request from the Legal Services Board. This means will-writing will remain unregulated and anybody can write a will, not just solicitors. The Governments decision looks questionable after it has …

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Our blogs are getting attention, so we are increasing our website’s security

In the past 48 hours our website has received 1,000 login attempts from machines all over the world. This is a sophisticated attack on our website, and our brilliant web specialist says it is the largest non-DDoS attack in history. …

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A tribute to Alice Pyne

Alice Pyne recently died following a long battle with cancer. Alice and her sister raised more than £100,000 for charity and founded Alice’s Escapes, a charity that provides holidays for families with seriously ill children and were both awarded the …

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