Bereaved relatives are unnecessarily paying up to £140k in Inheritance Tax ‘IHT’ due to a lack of knowledge of the nil rate main residence band. This is partly because HMRC has not promoted this complex relief, causing families to pay more tax than is required. Since 2018, the main residence nil-rate band provided extra tax relief for homeowners when passing … Read More
Tax-saving tips for individuals and entrepreneurs
Tax-saving tips for individuals and entrepreneurs When it comes to tax, change sometimes feels like the only constant. With the annual Budget plus the Autumn Statement just a few months later (dubbed the ‘mini budget’), there are always new rules to understand and put into practice. There are plenty of ways you can reduce your tax bill and we take … Read More