Tax Planning

The 55% tax charge levied on beneficiaries of individuals who die under the age of 75 with a joint life or guaranteed term annuity has been abolished in the Autumn Statement.

The government is to crack down on investment managers "disguising guaranteed fee income as capital gains", as part of anti-tax avoidance measures outlined in the Autumn Statement.

The Chancellor will raise the personal allowance threshold to £10,600 in the next year, £100 more than initially planned.

Chancellor George Osborne announced today that ISAs will retain their tax-free status when transferred after death.

The amount of profit in UK banks that can be offset by losses carried forward will be limited to 50%, and relief on bad debts delayed, the Chancellor has announced.

The government is to do away with the existing 'single slab' approach to stamp duty on residential property purchases, introducing a new tiered charge from 4 December.

George Osborne has announced a 25% levy on profits made in the UK by multi-national companies but diverted elsewhere.

Small businesses have had the relief on their annual business rates doubled for the next year.

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