Charitable gifting in wills

Whether done during life, or on death, gifting money or other assets to charity is very common and commendable. This article looks at the position in more detail. Please note that the reference to charity means any UK registered charity only. Gifting on death Leaving a gift to charity in your Will is fairly straight […]

OTS Capital Gains Tax report released – What are the recommendations?

Back in July 2020, I wrote about the Chancellor commissioning the Office of Tax Simplification (OTS) to undertake a review into Capital Gains Tax (CGT) in this article OTS review of Capital Gains Tax. The OTS have duly now released the first of two reports – this one being focused on policy design. To be […]

OTS review of Capital Gains Tax

On 13 July, the Chancellor wrote to the Office of Tax Simplification (OTS) to request that a review is undertaken of Capital Gains Tax (CGT). Aspects he specifically mentions the review look into are allowances, exemptions, reliefs, losses, and how gains are taxed in comparison to income. His aim of the review is to assist […]

Budget 2020: Key points

On 11 March 2020, the new Chancellor, Rishi Sunak, delivered his first Budget. It was also the first Budget since Boris Johnson became Prime Minister in July, the General Election in December and the departure from the European Union in January. A lot has changed!

APPG for Inheritance & Intergenerational Fairness published a report which recommended a ‘complete overhaul’ of IHT

At the end of last month the All-Party Parliamentary Group for Inheritance & Intergenerational fairness (APPGIIF) published a report which recommended a complete overhaul to the inheritance tax (IHT) system. It should be noted that the APPGIIF is an informal group, and whilst is contains members from both the House of Commons and House of […]