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Housing boom makes inheritance tax planning more important than ever

We take a look at why recent housing market predictions could make more of your estate liable to inheritance tax.

Are we ‘removed from the reality of retirement’?

Recent research shows people are less willing to save for retirement, but longer life expectancy means a longer retirement to fund.

A taste of medicine for your finances

Doctors, when was the last time you gave your finances the kind of care and attention you give to your patients?

How to reduce your corporation tax bill with R&D relief

In a bid to compete with Ireland's 12.5% corporation tax rate, Enterprise Minister Arlene Foster has suggested lowering the rate to just 10%. According to Northern Ireland secretary Theresa Villiers, around 34,000 businesses will benefit when the power is devolved in April 2017.

Using investment schemes to lower your tax bill

There's no doubt about it, investment schemes are not for the amateur investor. The rules can be complex, getting out can be tricky, and the chances of losing money are high.
However, if you're savvy about what you do with your money, you can earn yourself a nice return while making a big difference to your tax bill. The risks are high, but so are the rewards.

Trusts: An introduction

The comedian Rik Mayall shocked the British public last year after he died suddenly at the age of 56. Almost a year on, the future of his £1.2 million estate has been thrown into doubt after it emerged that he failed to leave a valid will, thereby leaving his assets 'intestate'.

Claiming R&D relief for SMEs

R&D tax credits allow businesses engaged in R&D projects to receive a tax deduction based on the costs incurred on the project.

Common problems with wills

For the unprepared, the process of making a will and ensuring it is followed properly can contain many pitfalls. Every step taken must abide by the letter of the law and any diversions can result in an invalid will and the moving of the deceased’s estate into the realm of intestacy law.

Dementia Tax: What Is This?

The Conservative Party Manifesto announcement and subsequent U-Turn on the requirement to pay for social care may have caused many voters to switch their allegiance in the June Election. Although this so-called “#Dementia #tax” is not strictly a tax, paying for social care has become more important than #Inheritance #Tax for many families.

Trusts to save IHT

Trusts have a reputation for being linked to unfair tax avoidance, but they can play a legitimate role in #estate and #inheritance #tax #planning. They can be especially worthwhile for business owners. Could a simple trust help preserve more of your estate for your family?