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February 14th approaches

Gregory John
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Chocolates, roses, romantic meals for two spring to mind, or perhaps even diamonds so Happy Valentine's Day! Whilst it's not something any of us tends to dwell on, sadly it is a fact that not all couples will enjoy a long term relationship...

How can I protect my interest in a jointly purchased property?

Gregory John
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The majority of houses are no longer bought by married couples. As exciting (and often stressful!) as buying a new home is, it is of great importance to document how a property is to be held in the event the property ever needs to be sold. It is often the...

LEI Registration: Legal Entity Identifier - Trusts

Marc Dorsett
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What is an LEI? The LEI (Legal Entity Identifier) is an initiative which was started in August 2013 giving every legal entity a 20-charater alphanumeric reference code. The purpose of creating the LEI is to generate a global referenced data system to...

Married couples potentially missing out on £230

Marc Dorsett
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On the 6th April 2015, the Government introduced the Marriage Allowance for the benefit of husbands, wives and civil partners by allowing the lower earning spouse to transfer up to 10% of their unused personal allowance to their partner for that year. In...

A little known inheritance tax relief?

Bronwyn Prior
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When undertaking inheritance tax planning, most people are aware of the opportunity to gift money. If the donor survives 7 years from the date of the gift, the gift is not included in the inheritance tax calculation for the estate.  As we age, the...

School's out... The 31st July is almost here...

Marc Dorsett
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Do you make payments on account towards your tax bill?  If so, before packing your suitcase and heading to the airport, remember the deadline for paying the second instalment towards a 2016/17 tax bill is rapidly approaching. If you think that the...

Trust Registration

Marc Dorsett
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Individuals often create Trusts for a variety of reasons. Each time a new Trust is created it must be registered with HMRC who will then issue the Trustees with a Unique Taxpayer Reference. This will be needed when dealing with HMRC, including any required...

Are you making the most of the new Residence Nil-Rate Band?

Lisa Carter
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Introduced in April this year, the new Residence Nil-Rate Band (RNRB) could save your estate as much as £140,000 in inheritance tax (IHT) if you pass your family home to your children on your death.

Spring Budget Watch

Lisa Carter
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The first steps towards preparing the UK for a post-Brexit future were announced by Chancellor Philip Hammond in his Spring Budget, which avoided headline-grabbing shake-ups and tax breaks in favour of economic stability.