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Inheritance Tax And Spouses And Civil Partners

Inheritance Tax And Spouses And Civil Partners

Special rules apply for inheritance tax purposes to married couples and civil partners. To ensure valuable tax reliefs are not lost, it is beneficial to consider the combined position, rather than dealing with each individual separately. Married couples and civil...

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Government Childcare Scheme – Tax-Free Top-Up

Government Childcare Scheme – Tax-Free Top-Up

Working parents can receive a tax-free top up from the Government to help with their childcare costs. The top up is worth £500 every three months (£2,000 a year). A higher top-up of £4,000 a year (£1,000 every three months)...

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Optimising Tax-Free Benefits In Family Companies

Optimising Tax-Free Benefits In Family Companies

Making use of statutory exemptions for certain benefits-in-kind offers an opportunity to extract funds from a family company without triggering a tax charge.   The essential point to note is that to make the tax saving, the benefit itself, rather than the...

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Are Low Emission Cars Tax Efficient?

Are Low Emission Cars Tax Efficient?

Significant changes are being made from 2020-21 to the company car tax benefits-in-kind bands affecting ultra-low emission vehicles (ULEVs).   The taxable benefit arising on a car is calculated using the car’s full manufacturer’s published UK list price, including the full value...

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