On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a general election before 28 January 2025, this was a Budget designed to restore confidence and win voters. But...
Posts Tagged ‘IHT’
Autumn Statement 2023 – What You Need To Know
On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament and started making, in his words, the long-term decisions necessary to strengthen the economy and build a brighter future. Fueled by falling inflation and stabilised public finances,...
Spring Budget 2023: What You Need To Know
On 15 March 2023, Chancellor Jeremy Hunt presented his first Budget to Parliament and set out a plan to reduce inflation, grow the economy and get government debt falling all whilst avoiding a recession and tackling labour shortages. Here is a...
Meet Alextra’s New Tax Manager
Alextra are pleased to announce the appointment of their new Tax Manager, Jo Hamilton. The Company has offices in both Crewe and Newcastle-under-Lyme and after enjoying "rapid growth" over the last few years created the role. Chartered tax advisor Jo – who...
A Guide To The Budget 2020
On 11 March 2020, the Chancellor of the Exchequer, Rishi Sunak, delivered his first Budget in the House of Commons. Just before the Budget announcement, Mark Carney from the Bank of England announced a reduction in UK interest rates from 0.75%...
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...
Give From Income To Save Inheritance Tax
Within a family scenario, there are many situations in which one family member may make a gift to other family members. However, the way in which gifts are funded and made can make a significant difference to the way in...
Year-End Tax Planning Tips
As the end of the 2018/19 tax year approaches, it is worthwhile taking time for some last-minute tax planning. Here are some simple tips that may save you money. 1. Preserve your personal allowance: the personal allowance is reduced by...
Inheritance Tax And Potentially Exempt Transfers
Aside from the annual exemption and the exemptions for particular gifts (such as those out of income or in consideration of marriage), it is possible to make gifts free of inheritance tax – as long as you survive for at...