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At the Autumn Budget the Chancellor announced plans to remove the exemption which allows unused pension funds to be inherited tax free

Currently, if a pension holder dies before the age of 75 their beneficiaries can generally inherit the remaining funds tax-free, whether as a lump sum or as incom...

The stamp duty land tax (SDLT) surcharge levied on purchases of second and subsequent homes has been increased from 3% to 5% with immediate effect

The higher rate applies to purchases of second homes and buy-to-let residential properties. The change applies to purchases with an effective date on...

Private schools will need to register for VAT and charge output VAT on education and boarding services when the exemption that currently applies is removed from 1 January 2025

Schools will need to register for VAT by 1 January 2025. We can help you with this

All education and boarding services...

As expected, the Chancellor has confirmed the abolition of the generous tax regime enjoyed by non-UK-domiciled individuals, or 'non-doms'

The current rules will end on 5 April 2025 and be replaced by a new regime based on residence

Broadly, the current rules apply to a UK resident whose perma...

The Chancellor has extended the current freeze on inheritance tax (IHT) thresholds until 2030 and announced changes to the treatment of inherited pensions and other IHT reliefs.

The nil-rate band (NRB) is the amount of any estate that can be inherited tax free. It has remained at £325,000 since Ap...