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Posts matching 'Tax'

Inheritance Tax: Gifting And All You Need To Know About It

Inheritance tax gifting refers to the act of giving away assets or money during your lifetime with the intention of reducing the value of your estate for inheritance tax (IHT) purposes. In many countries, including the United Kingdom, inheritance tax is imposed on the value of an individual’s estate upon their death. By making gifts […]

Capital Gains Tax: Everything You Need To Know

Capital gains tax, an integral component of the modern tax system, plays a crucial role in determining the financial obligations of individuals and businesses when they sell or transfer certain assets. While often a topic of intense debate and scrutiny, comprehending the basics of capital gains tax is essential for anyone seeking to navigate the […]

How much will retirement cost you after inflation?

Due to the consequences of the Covid pandemic, the energy crisis and a range of other factors, the UK and the wider global economy has seen inflation increase the cost of living substantially in a relatively short amount of time. This has resulted in much of the population having to cut back on their spending […]

The Four Pillars of Wealth Management

Wealth management is a deeply personal, long term process that will differ from person to person depending on their circumstances and goals. Whilst it is imperative to take this into consideration when developing a strategy to achieve financial objectives, there are four main concepts that are applicable to almost all financial planning journeys and are […]

Freeze on the Inheritance Tax thresholds results in receipts of £4.1B for the government

In the Autumn statement, Conservative chancellor Jeremy Hunt confirmed that the Inheritance Tax threshold would be frozen at £325,000 until 2028 in a bid to provide additional income for the government. Hunt originally made the decision to freeze the IHT threshold last Spring until 2026 but has now announced the two-year extension as a result […]

Autumn Statement from the Chancellor

Yesterday at 11.30 a.m, Jeremy Hunt delivered his first Autumn Statement as the new Chancellor. As he had pre-warned this included some ‘eye watering decisions’ as he set out the government priorities of stability, growth and public services. Given that the UK economy is in recession according to the Office of Budget Responsibility (OBR)this was […]

Spanish inheritance tax for expats explained

With retirement on the horizon, it’s only natural for many of us to start thinking about how we’d like our estate to be split between our nearest and dearest. While creating a will is an invaluable first step, it’s also wise to consider how much tax will be levied against your relative’s inheritance; especially if […]

Tax Benefits of the Non-Habitual Resident Status

Over the past few years’ Portugal has developed a reputation as the new tax haven for affluent and high net worth individuals, all of whom wish to achieve tax optimization by relocating to a friendly, discreet and safe EU country. With Portuguese residency they are able to acquire a special tax regime, with many attractive […]

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