Capital Allowances are a tax relief practice which allows taxpayers to deduct capital expenditure against their annual taxable income. They allow businesses to claim for certain types of capital expenditure, thus reducing the amount of corporation or income tax owed....
Inheritance tax (IHT) is a concern for many individuals who wish to pass on their wealth to their loved ones. With the current threshold set at £325,000 per individual anything beyond this amount is taxed at a rate of 40%. However, with careful planning and the use of...
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