tax

Government extends Isa inheritance allowance

Friday, 17 November 2017 | News

Spouses will soon be able to inherit the whole value of their deceased partner’s Isas tax free, including any growth in assets following their death.

Ask the Experts: Why should my husband's home mean I'll pay extra tax on buying a property?

Thursday, 16 November 2017 | Question and Answer

The Additional Dwelling Supplement (ADS) applies to transactions in Scotland and is similar in scope to the additional stamp duty rate in England, Wales and Northern Ireland.

Give older homeowners tax break to ease housing crisis

Tuesday, 14 November 2017 | News

Reducing the amount of stamp duty tax applied to older home buyers could alleviate the pressure on the UK housing market and free up much-needed housing stock.

Use of bailiffs by councils jumps in two years

Tuesday, 14 November 2017 | News

Local councils are increasingly resorting to using bailiffs as 2.3 million debts were passed on in 2016/17.

Insurance premium tax costs every UK household £179 a year

Monday, 30 October 2017 | News

Every household in the UK now pays the equivalent of £179 of insurance premium tax every year thanks to the government’s recent hikes to the tax which is factored into insurance bills.

Ask the Experts: Help! I’ve gone over the lifetime allowance for pensions

Tuesday, 24 October 2017 | Question and Answer

I’m afraid there is little you can do about the fact you have gone over the lifetime allowance as the two protections that are available don’t apply to your situation.

Don’t risk a £100 fine - one week left to file paper tax returns

Tuesday, 24 October 2017 | News

Over one million people who submit paper tax returns have seven days left to send their documents to HM Revenue and Customs (HMRC).

New London pollution charge rolled out – how to find out if you are affected

Monday, 23 October 2017 | News

Motorists driving in and around England’s capital will be charged an extra £10 from today if their vehicles don’t conform to minimum environmental standards.

VCTs up 28% as investors use them as pension alternatives

Monday, 23 October 2017 | News

The amount raised by Venture Capital Trusts (VCTs) has gone up by 28% year-on-year, according to new figures released by HMRC for the 2016/17 tax year.

Ask the experts: Am I entitled to tax relief now that I am married?

Thursday, 19 October 2017 | Question and Answer

You may be eligible for the Marriage Tax Allowance, which permits a spouse or civil partner who does not pay income tax to transfer up to £1,150 of their personal tax-free allowance to their partner.