A right of admission granted by a charity to view property preserved, maintained, kept or created by a charity for its charitable purposes is not treated as a benefit associated with a gift for Gift Aid purposes provided the admission provides the donor with an annual right of admission or the amount of the gift […]
In February 2025 the government launched a consultation on how the changes to inheritance tax (IHT) Agricultural Property Relief (APR) and Business Property Relief (BPR), due to apply from 6 April 2026, will affect trusts. Trusts and inheritance tax As set out in our previous article, the consultation focuses primarily on property settled into relevant […]
With a number of tax reliefs available to the owners of heritage property – both land and chattels – we consider how taxpayers could benefit from the options available. Heritage property tax reliefs can sometimes be regarded as the poor relation of Agricultural Property Relief (APR) and Business Property Relief (BPR). The standard advice was […]
Whether you’re buying a rural property to fulfil a life-long dream, to create a legacy for your family or diversifying into natural capital opportunities, understanding the tax and practical implications is crucial. Purchase taxes Stamp Duty Land Tax Stamp Duty Land Tax (SDLT) is charged on the VAT inclusive price of property purchased in England […]
Non-domiciled (non-dom) individuals who are resident in the UK can elect to be taxed on the remittance basis of taxation, as opposed to the usual arising basis. Those claiming the remittance basis will be subject to UK tax only on UK sourced income and gains, together with foreign income and gains which are remitted to […]
Talking about death, let alone planning for it, rarely feels like a pleasant task. However, getting your affairs and key financial arrangements in order may give you peace of mind and make things easier for the friends and family members you leave behind. Inheritance planning tips Make sure there’s a valid, up-to-date will in place. […]
In our inaugural episode of Taxing the Spotlight, host Pete Hackleton is joined by Dave Lloyd, a tax senior manager who specialises in football matters. Together they explore the world of football agent fees and consider the potential tax implications that players and clubs must navigate.
With major changes on the horizon for non-domiciled individuals, understanding the new tax landscape is essential. This episode delves into the upcoming tax reforms, exploring how these changes (effective from April 2025), will reshape the tax landscape for non-doms. Hosts Leonora Stevens and Mike Hodges are joined by Alex Britton-Davis, partner at Saffery and a […]
Family-owned businesses face unique complexities, such as issues related to business structure, family dynamics, and shared ownership. Following the 2024 Autumn Budget, these businesses now face additional challenges in navigating the changes to inheritance tax (IHT) and Business Property Relief (BPR). In this episode, Leonora and Mike analyse the specific implications of the Budget changes […]
Annual Tax on Enveloped Dwellings (ATED) is a yearly charge payable by companies, partnerships with at least one corporate member, and some collective investment vehicles owning an interest in a UK residential property worth more than £500,000. What property does Annual Tax on Enveloped Dwellings apply to? Annual Tax on Enveloped Dwellings (ATED) applies to […]
