Blog
Keeping the peace at Christmas – top tips for shared parenting over the festive season
Lauren Evans
3 December 2014
Autumn Statement 2014 - Remittance basis charge changes
George Osborne MP, the Chancellor of the Exchequer, has today announced changes to the remittance basis charge (“the RBC”) for non UK domiciled long-term UK residents.
The RBC is an annual charge payable by long-term UK residents who claim the remittance basis of taxation. Remittance basis taxation allows non UK domiciled individuals to pay income tax and capital gains tax on their overseas investment income and gains only if these income and gains are brought into the UK.
16 October 2014
“Death tax” and inherited pension pots – is it all about to change?
To some surprise, major changes to the tax treatment of pensions when left to another on death were announced by George Osborne MP, the Chancellor of the Exchequer, at the recent Conservative Party conference.
30 September 2014
Intestacy rules – changes to be introduced on how estates are settled without a Will
Two-thirds of adults in England and Wales pass away each year without having made a valid Will. Some people simply don't get round to making one; others don't realise that significant events in life, for example marriage, can revoke a previously made Will. Whatever the precise reason for not leaving one, such individuals are said to die 'intestate' and their estates are governed by the ‘intestacy rules’. These determine the distribution of a deceased’s estate after any debts and liabilities, funeral expenses and costs of the administration of the estate have been paid.
26 September 2014
Will you or won't you? - Passing down wealth to your children
The average Briton now delays making a Will until they are 72 years old according to a recent survey by Remember a Charity. Only three in 10 people in the UK actually have a Will and many of us simply don’t write a Will at all in spite of this being an age of increasingly complicated financial affairs, complex family dynamics and people moving between countries. The lack of engagement or willingness to arrange our affairs is somewhat surprising given the difficulties that can arise if matters are not dealt with and how these may affect the passing down of wealth to your children and through generations.
3 September 2014
Neither a borrower (with foreign income or gains used as collateral) nor a lender be…
Others may be on holiday in August, but not HMRC, who chose August 2014 to take taxpayers by surprise and change their stated position, with immediate effect, on the taxation of foreign income and gains used by UK resident, non UK domiciled individuals claiming the remittance basis (Remittance Basis Users - “RBUs”) as security for loans used in the UK.