Craig Simpson, Tax Partner at Bates Weston, considers the impact the Government’s proposed changes in the treatment of pensions for Inheritance Tax purposes will mean for business owners, and what can be done to prepare for them.
Craig Simpson, Tax Partner at Bates Weston highlights the impact of the changes to Inheritance tax on business and agricultural assets on privately owned businesses as well as the farming community.
What do we know about the Government’s tax plans to date and what can we expect in the near future?
The Chancellor, Rachel Reeves, sets out her plans for planning system reform in her first major speech today. You can see her 7 point plan here.
Read our Spring Budget 2024 Summary Report here.
Spring Budget 2024 predictions
HMRC are consulting on the tax treatment of Employee Ownership Trusts – an increasingly popular alternative to trade sale or Management Buy Out for business owners. Richard Coombs, Tax Partner at Bates Weston, considers HMRC’s proposals.
Bates Weston expands Tax Team after successful year. Bates Weston Tax Advisory continue to focus on client service and providing clear and practical advice to wealthy families and business owners.
The current situation with Making Tax Digital for Income Tax Self-Assessment – MTD ITSA, and what may happen next.
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