UHY Ross Brooke Chartered Accountants

Day: February 12, 2024

IHT inheritance tax planning and gifts

10 Simple ways to reduce your inheritance tax liability

Updated Dec 2024 Inheritance tax (IHT) is the tax paid on lifetime chargeable transfers and the estate (property, money, and possessions) of someone who’s passed away. However, with careful planning and an understanding of the available reliefs and exemptions, it’s possible to minimise the amount of inheritance tax payable. Here

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HMRC investigating company owners

HMRC crack-down on company owners

HMRC has recently been writing to company owners regarding dividend income. This is after reviewing the accounts companies who have depleted their reserves, on the basis that owners may have paid them out in dividends. If such dividend income has not been declared to HMRC, owners are advised that they

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