How will IHT be paid on pensions in probate?

How will IHT be paid on pensions in probate?

Will the Inheritance tax reforms in the budget affect pensions in probate? HMRC released the following on their site on 30th Oct ‘Autumn Budget 2024: the government announced several measures to reform Inheritance Tax. This included a measure to bring most...
Will the Budget kickstart Growth?

Will the Budget kickstart Growth?

Will the economy grow? The UK’s Autumn 2024 Budget introduced by Chancellor Rachel Reeves aims to support economic growth, though its potential for a short-term economic boost is seen as limited by many experts. This budget is primarily focused on stabilising the...
How will the US Election affect the UK economy?

How will the US Election affect the UK economy?

The Special Relationship Historically the US and the UK have had a close relationship, becoming particularly close in the Reagan/Thatcher years. The UK economy will be undoubtably affected by the results this week, particularly the trade deals that we’ve relied...
Nov 24 – How the budget affects landlords specifically

Nov 24 – How the budget affects landlords specifically

It could have been worse… Whilst the PRS was bracing itself for a gutting budget, Reeves actually delivered a budget that didn’t specifically single out landlords for horrific tax rises. Let’s look at the highlights that affect landlords directly....
Furnished Holiday Lets Update

Furnished Holiday Lets Update

The time to claim capital allowances on your FHL is now As predicted, the government is still going ahead with their plans to remove the tax advantages that current furnished holiday let owners enjoy. The proposed revisions include: applying the finance cost...