Latest news

The Office of Tax Simplification (OTS) has published the first stage of its review of the Inheritance Tax system, which focuses on administrative issues, rather than the principles of the tax and its reliefs.  The OTS acknowledges that the review has attracted an unprecedented level...

Click here to download our report for the Autumn Budget 2018...

Since April 2015, UK residential property disposals by non-resident persons (including trusts) have been taxable, with the gains needing to report online even if there is no tax to pay or there is a loss, and with the payment of any tax due to HMRC...

Further to the Chancellor’s request for the Office of Tax Simplification (OTS) to review Inheritance Tax, the OTS has published a short scoping document advising that it will publish a report in the autumn of 2018 that is to consider how key aspects of the current...

Although the cut in the future UK growth forecast may be most worrying in the long term, the Budget was largely silent on tax matters that particularly impact upon farms. For landowners, the Chancellor talked up the housing market, and the aspirations of those hoping to get on the housing ladder, with Stamp Duty Land Tax relief for first-time buyers being made permanent, Please see the generic Autumn Budget Summany 2017/2018 guide for details of more general tax changes. The following are matters of greater concern for landowners and farmers:
As part of their summer reading, MPs have been given a 51-page briefing paper on Inheritance Tax which includes: