IHT Loophole Tempts Elderly To Buy Bigger Homes

Inheritance tax advice has taken a U-turn after Chancellor George Osborne unintentionally opened a legal loophole for pensioners. In his Summer Budget, Osborne confirmed a Tory election manifesto promise to expand the nil rate band for inheritance to £1 million from £650,000. Claiming the extra £350,000 takes some working out – but wealthy … [Read more...]

Tax planning is about not paying too much, not too little

Bullying expats about offshore tax planning is in the media spotlight as many ordinary folk struggle to get past on earn shrinking against inflation. Managing your wealth is not wrong - the law says you can as long as you don’t commit a crime by evading tax. The big issue is not what expats do with their money to minimise the amount of tax … [Read more...]