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.
In some circumstances it is possible to make a gift out of surplus income which is immediately exempt from Inheritance Tax (IHT), meaning the usual 7 year survival of the donor is not needed to exempt the gift.
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.
Unused pension schemes will attract Inheritance Tax on death from 6 April 2027. Craig Simpson, Tax Partner at Bates Weston looks at the changes and the impact on the tax burden on your estate and beneficiaries.
The changes to Business Asset Disposal Relief (BADR) announced in the Budget will reduce the rewards for those who take the risk of setting up a new business and driving its success.
Craig Simpson, Tax partner at Bates Weston, considers the Autumn Budget, and the potential changes for pension tax relief.
Craig Simpson, Tax Partner at Bates Weston considers the Chancellor’s likely plans at the Budget and what pre Budget action taxpayers may be able to take.
In our Autumn 2024 newsletter we look at potential changes to Inheritance Tax, Capital Gains Tax and pensions tax ahead of the Budget, alongside our regular round up of topical news.
Richard Coombs, Tax Partner at Bates Weston looks at why separating businesses or assets through a demerger is worth the cost of professional tax advice.
From compliance to growth, our accounting firm in Derby has you covered. Call us to see how we can help.