Latest News

Relief From Additional 3% SDLT Charge

Much of the focus in the Autumn Budget on Stamp Duty Land Tax (SDLT) concerned the abolition of the duty for first time buyers of property up to £300,000. There was also welcome news for those involved in other property transfers where the 3% supplementary SDLT charge potentially applies when an interest in a second property is acquired. 

Downsizing to a Smaller Property?

The new inheritance tax relief for passing on the family home is protected even when you downsize to a smaller property.

Tax Relief for Energy Saving Technology

For a number of years there has been a generous 100% tax break for businesses that install energy saving technology in their premises. This is in addition to the £200,000 annual investment allowance for plant and machinery.

Consider Making Regular Gifts Out of Surplus Income

Whilst on the subject of inheritance tax planning why not consider setting up a standing order to family members? Such regular gifts can be outside of the scope of inheritance tax provided they are made out of surplus income and not out of capital.

Passing on the Family Home

New inheritance tax rules for passing on the family home started on 6 April 2017. This new relief should be taken into consideration when drafting your Will and we can work with your solicitor to make sure your Will is tax efficient.

Pension Planning

For most taxpayers, the maximum pension contribution is £40,000  each tax year, although this depends on their earnings. This limit covers both contributions by the individual and their employer.

New Year's Resolutions to Save Tax

At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April.

An obvious tax planning point would be to maximise your ISA allowances for the 2017/18 tax year (currently £20,000 each). 

Managing Office Politics

Office politics are a fact of life. People are complex and work relationships are often complicated to navigate. So, what should you do when office politics become problematic?

Managing High-Performance Teams

Steve Jobs was quoted as saying “It doesn't make sense to hire smart people and tell them what to do; we hire smart people so they can tell us what to do.” Once you have hired a bunch of really smart people, you need to manage them effectively.

Shifting Your Networking Focus

Networking isn't just about attending an event with a stack of business cards and speaking with random people. People want to do business with people they like and trust, and people they know through friends and shared connections.

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