- The Budget 2018- The Chancellor announce on 29 October 2018 that first-time buyers in shared ownership homes will pay zero stamp duty on the first £300,000 of any home that costs up to £500,000 with immediate effect.
- Macmillan Coffee Morning 2018- At Parrott and Coales, we are proud to show our support for Macmillan and the incredible work they do providing practical, medical and financial support and pushing for better cancer care.
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.