Inheritance tax planning for landlord parents
Inheritance tax
If parents have buy-to-let properties and also have children growing into adulthood to whom they wish to leave their properties, they can make plans to put the properties into a trust to avoid their children being hit by a huge IHT bill. The general rule of thumb is, the larger …
Inheritance Tax planning basics – Use Exemptions
Inheritance tax
It is never too early to start inheritance tax planning (IHT). Early planning will allow you to take advantage of all the allowances and facilities available to protect your assets and to pass them on to your children, grandchildren, or whomever you choose. Over the course of many years you …
How will Autumn Budget affect small business owners?
Budget update
There are encouraging messages in the Budget for technology and innovation companies. Specific points are: R&D Expenditure Credit Scheme (RDEC) taxable credit will increase to 12% from 11%. Promise to double the EIS investment limit (currently £1m) for investors on knowledge incentive companies. £2.3bn more government investment on R&D. This …
Limited company or sole trader?
Self-Employed
Should I set up a limited company or operate as a sole trader? This is one of the first questions that you will encounter when embarking on the journey of becoming an entrepreneur. This article will help you to decide.   Perceived benefits of limited companies There are several benefits …