How HMRC deal with high net worth individuals.

How HMRC deal with high net worth individuals.
Tax can be complicated for any business or individual. Imagine how much more complicated it gets when you're dealing with several millions of pounds worth of capital. As the tax affairs of those individuals with this kind of net worth can be so complex, HMRC has its own division for handling their taxes.
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Marshall Smalley 2016 Budget Overview

Marshall Smalley 2016 Budget Overview
The Budget delivered on 17 March 2016 contains many measures affecting businesses and savers, particularly those of the next generation.

This is our summary of these measures.
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Changes to tax relief in rental properties

Changes to tax relief in rental properties
In last year's Summer Budget, a number of changes were proposed that would affect landlords. One of these is the abolition of the wear and tear allowance, which will be replaced in April 2016 by a new form of tax relief applying to replacing furniture in residential dwellings.
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Personal Tax Planning – Part 2

Personal Tax Planning – Part 2
Last week we looked at three strategies that would help you with your personal tax planning, these were: Selling Assets by 5 April, Making gifts, Second Homes, pensions and tax efficient investments.

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Personal Tax Planning – Part 1

Personal Tax Planning – Part 1
We want to share with you over the next few weeks a number of strategies, which we think may help you with your tax planning.  We are splitting this blog into two parts so that it gives you time to work on a few of the strategies at a time.

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