Since the local elections in May, Wandsworth has been run by a minority Conservative administration, after the party regained control of a council it previously held for 44 years. Peter Graham, a Conservative councillor and cabinet member for finance, said: “Wandsworth’s financial crisis was made by Labour. The Government gave us the worst cash settlement
A claimant asked for help about paying the tax charge HMRC has clarified the rules around who has to pay a tax charge(Image: Getty) HMRC has issued guidance about a tax bill that DWP claimants have to pay if you cross a threshold. The tax authority warned in some cases you will “need to inform
Sarah Coles, of stockbroker AJ Bell, said: “People will be considering how to protect their estate from this much-hated tax, whether that’s by making gifts during their lifetime or bequeathing money to charity in their will.” Families have increasingly looked to charity donations as a way of reducing the size of their estates amid more
Families could save thousands of pounds in tax The payments must also form part of a regular pattern of giving(Image: shurkin_son via Getty Images) Millions of families could be missing a little-known tax loophole that allows them to hand money to children and grandchildren without it being swallowed up by the HMRC. Seven in ten
Inheritance tax is one of the UK’s most misunderstood taxes, with a maze of allowances, exemptions and reliefs that can make it difficult to work out exactly what you owe – or how to reduce the bill. Here, Sarah Coles, head of personal finance at AJ Bell, explains 13 inheritance tax rules and allowances that
Mark Mcrae | Armstrong Watson For business owners already considering a sale, succession or shareholder exit, reviewing your position now could help preserve choice in an uncertain tax environment, writes Mark McRae, Corporate Finance and Business Services Partner, Armstrong Watson Since Andy Burnham became Prime Minister, speculation around increased rates of Capital Gains Tax has
Unused pension pots are set for a major change One of the concerns centres on loss on sale relief(Image: Witthaya Prasongsin via Getty Images) Families could face a new tax double whammy on pensions under plans due to come into force in 2027, experts have warned. Unused pension pots are set to be dragged into
House price growth ground to a halt in July, according to Lloyds Bank. However, the national picture hides significant regional moves. Prices in the South East have fallen at the fastest pace in England over the past year, down by 2pc to an average of £381,146. By contrast, average prices in the North East were
I’m married and have lived in the UK a long time, but I have a property and a pension in Southeast Asia. When I die, I plan to leave an amount of money to my family who are still living there, while the rest will pass to my spouse. Will my pension and property overseas
Sole traders and landlords earning more than £50,000 from their self-employment and property had until Friday 7 August to make their first quarterly report to HMRC under the new Making Tax Digital (MTD) for Income Tax regime. The major tax shake-up overhauls how hundreds of thousands of Britons report their income and expenses to His Majesty’s