Big Changes In Estate Planning

Big Changes In Estate Planning

Article, Tax

The introduction of the Main Residence Nil Rate Band (MRNRB) has significantly changed Inheritance Tax Planning for Land and Business Owners. If your assets are worth more than £2m (including Land and Business assets) then your Estate could lose the benefit of up to...
Are Your Farm Repairs Tax Deductible?

Are Your Farm Repairs Tax Deductible?

Advice, Business Support, HMRC, Tax

When carrying out extensive repairs to maintain their premises a farmer may assume that, without question, these repairs will be offset against the business income received thus reducing the tax bill for the applicable accounting period. HM Revenue and Customs...
Want To Achieve Your Business Goals? Communicate!

Want To Achieve Your Business Goals? Communicate!

Other

Investing time in people and involving everyone in both the preparation and delivery of business goals is critical in achieving a successful business plan. Most businesses have two or more people involved in the business, this could be a husband and wife partnership,...

Is A Will Really Necessary?

Other, Tax

The simple answer is yes. Unless all your assets are held in joint names and/or you are happy to rely on the arrangements for your family that the intestacy laws will provide, then it is imperative you make a Will. Without a Will an Estate with a value of more than...