- Childcare arrangements and social distancing - The knock-on effects of the global pandemic are huge. This challenging time is particularly hard for separated parents, who may face challenges with maintaining on going childcare arrangements. Some of the problems being highlighted to our offices include: A parent becoming symptomatic and falling into the self-isolate category, being unable to assist with handovers and [...]
- The number of cohabitating couples is on the rise - The ONS (Office of National Statistics) completes UK-wide survey every year. The survey covers a range of demographics including living arrangements. The 2017 survey highlighted that cohabitating couples (couples who live together but are not married) were the fastest growing family type, and the 2018 report confirmed that the cohabitating couple were the second largest family type in the UK. The number of cohabitating couples grew by 3.4 million people from 2017 to 2018.
Our Private Client team specialises in Income Tax, Inheritance Tax and Capital Gains Tax for individuals, trustees and executors, or administrators of a deceased’s estate. We are experts at tax planning for you and your family.
Most people are familiar with Inheritance Tax (IHT) on an estate (sometimes popularly called death duties). Inheritance Tax is normally payable on death, however in some circumstances it can also be payable in your lifetime. Contact us for more information regarding this.
Capital Gains Tax (CGT) is commonly payable when sales of capital assets result in a substantial profit. However, people are surprised to learn that CGT can also be applicable on some gifts. It can also affect Trustees and Executors.
Income Tax (IT) can become complicated where less common types of income, such as life policy gains are involved. IT can also be relevant to trusts and estates where the rules can be complex.
The team can help with Income Tax Returns for individuals, Trustees and Executors. We can also advise on safe and sensible tax planning to reduce or postpone the tax payable in some circumstances.