For 2016-17, the EA is set at £3,000. This means that if you are eligible, you will not have to pay employers’ Class 1 contributions up to this amount. The following set out some of the less well known facts about this allowance: · The EA can only be used against your employer Class 1 […]
Monthly Archives: August 2016
Buy-to-let landlords need to start considering their options, in particular, those who have borrowed heavily in order to build their property portfolio. As we have mentioned previously in this newsletter, from April 2017 deductions for finance charges will be progressively reduced and replaced by a 20% tax credit. This will promote a number of landlords […]
Philip Hammond has been appointed Chancellor of the Exchequer as George Osborne returns to the backbenches. Mr Hammond has already confirmed that there will be no emergency budget, and he will be presenting the usual Autumn Statement later in the year and a new Finance Bill March 2017. The immediate impact for UK tax payers […]
If you leave your entire estate to charities, will you be turning in your grave if disinherited relatives mount a challenge to break your last will and testament, and succeed? In a 2015 case heard by the Court of Appeal, a disinherited daughter challenged her deceased mother’s Will. The background to the case is illuminating. […]
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