As we approach the end of the year, after the biggest budget announcement for a decade or more, planning for the end of the tax year and beyond is more important than ever. Whilst all the usual planning tips apply, such as maximising the use of tax bands and...
The government has given people more time to pay National Insurance contributions towards their State Pension – but the cut off date is April 2025. State Pension Entitlement Entitlement to State Pension is something many people don’t think about until they are...
The Chancellor’s Autumn Budget has been much anticipated. Against a challenging economic landscape and increased cost of living – businesses and individuals alike were concerned what this budget may bring. But that’s perhaps where the common ground ends. Before the...
In other articles, our expert team at Foxley Kingham has been looking at the different ways that individuals can mitigate the inheritance tax burden left to their family, upon their death. Lifetime trusts and inheritance tax (IHT) are intrinsically linked and could,...
R&D tax reliefs – known to many as very generous tax breaks given to companies that undertake qualifying research and development activities. For businesses, it’s a welcome benefit for undertaking the complex (and often costly) R&D work. Now, HMRC has...
In previous articles, we’ve looked at many of the reliefs available to mitigate inheritance tax. In this issue we provide a little more detail around the residential nil rate band (RNRB), the rules and restrictions, and how this relief works (and most importantly how...
