The changes to Agricultural Property Relief and Business Property Relief will have significant impact on farmers and business owners that may previously had no Inheritance Tax (IHT) liability.
Posts by Adam Smith
Can I claim tax relief for making a charitable donation?
Adam provides details about claiming relief via the Gift Aid scheme and gifting quoted shares and land to a charity.
Changes announced for Nom-Doms and their Trusts
Adam outlines changes to the ‘non dom’ regime, foreign income and gains, and Inheritance Tax.
A summary of changes for trusts and estates
In the wake of a new tax year, we have compiled a summary of the changes that are coming in for trusts and estates from 6 April 2024.
Autumn Statement round-up: Changes to National Insurance
Adam provides a summary of the National Insurance changes announced by the Chancellor.
What tax allowances can I claim?
You may find that increases in your income push you into higher rates of tax or that ultimately you may see your tax liability increase, Adam explains what you can do to make the best use of your tax allowances.
Calling all Trustees – there are new obligations that you need to be aware of
Adam explains the existing obligations for taxable trusts and the requirement for new non-tax paying trusts to register and update trust records on the TRS.