by Fusion | Jul 18, 2018 | Capital gains tax, Tax
Capital gains: three ways to reduce your tax bill Reports from the Office for Budget Responsibility indicate receipts from capital gains tax (CGT) are set to surge to almost £10bn this year. This continues a trend of almost double digit growth experienced in recent...
by Fusion | Jul 13, 2018 | Fusion, Inheritance Tax, Tax, Wills
How to soften the blow of inheritance tax When it comes to the much-dreaded 40% ‘death tax’, many people are worried about leaving their loved ones with a sizeable inheritance tax bill when they’re gone. Luckily, there are a number of perfectly legal ways to soften...
by Fusion | Nov 7, 2017 | HMRC, Pensions, Tax
BBC’s money box reported this week that their research has shown that HMRC has taken over £1bn too much tax from pension scheme lump sums. The issue comes down to the way that the PAYE (Pay As You Earn) system taxes an individual when they first start to take...
by Fusion | Aug 8, 2017 | GAAR, Planning, Tax
The General Anti Abuse Rule was introduced in the Finance Act of 2013. Originally posted as a General Anti Avoidance Rule it was watered down to only cover matters considered to be abusive. Since then it has remained a reasonable silent threat in the world of tax...
by Fusion | May 22, 2017 | Inheritance Tax, Nil Rate Band, Tax, Uncategorized, Wills
In the Conservative election manifesto from 2007 there was the promise to raise the Nil Rate Band (NRB) to £1m. In 2015 they achieved a majority government and in order to achieve this, rather than simply increase the existing NRB they decided to introduce a new...
by Fusion | May 11, 2017 | Inheritance Tax, Intestacy, Landlords, Tax, Wills
Having worked with a number of landlords over the past year in relation to the mortgage interest relief issues, it has astounded me how few have got wills in place and of those who do, how many actually take into account the large estates and complex...
