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
The number of inheritance tax (IHT) investigations opened by HMRC has reached a six-year high according to new data. During the 2025-26 tax year, the tax office opened 4,940 formal IHT investigations, which is an 18% increase on the previous year. At the same time, nearly 5,000 further estates were referred to HMRC’s compliance team
He also reminded savers that, under the current rules, most people can normally access their defined contribution pension from the age of 55, although the normal minimum pension age is due to rise to 57 from April 2028. The 25% tax-free rule isn’t as simple as many people think One of the biggest misconceptions is
Charlene Young, of stockbroker AJ Bell, said HMRC’s proposal was “being billed as a measure to prevent bill shock twice a year, but it’s inevitably going to involve more admin, queries and phoning the creaking doom loop that is the HMRC helpline”. “There’s an obvious risk HMRC gets its sums wrong, as relying on tax
Council leaders warned that the surcharge would unfairly target people who had remained in the same home for years and had seen its value rise without any corresponding increase in their income. It said: “A home is the centre of family life, not an untapped tax stream. “Our residents have often lived in the same
Council leaders warned that the surcharge would unfairly target people who had remained in the same home for years and had seen its value rise without any corresponding increase in their income. It said: “A home is the centre of family life, not an untapped tax stream. “Our residents have often lived in the same