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How can careful estate planning reduce inheritance tax?

How can careful estate planning reduce inheritance tax?

Could you Legally save £100,000’s on your estate? In the last tax year, £6.1bn was paid to HMRC in Inheritance Tax (IHT) payments - £700m higher than the previous tax year and according to the Office for Budget Responsibility Economic & Fiscal outlook, this figure...

Tax Rates and Allowances 2022/23

Tax Rates and Allowances 2022/23

Introduction We have summarised the key rates and allowances which are fundamental to our business and personal lives. We are sure that you will find them a useful point of reference and have set out below a few examples of how they can be used. Personal tax rates As...

Spring Statement 2022

Spring Statement 2022

Spring Statement 2022 Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022. In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the...