Consider the types of digital Assets relevant to you... Data and information stored electronically or on a cloud; Online accounts - social media , email, online gaming; Intellectual Property – eg copyrighted material, Trademarks, computer codes; Websites or blogs generating income; Artwork, music, ebooks, or any digital IP generating income; Accounts used to manage money [...]
When it comes to retirement savings, it’s all about choosing the right strategy. The best solution for you will depend on things like your financial plan, how far along it you are, and what you want for yourself and your loved ones. With the tax relief on contributions, and being able to take 25% tax-free, [...]
In recent months the number of enquiries regarding what to do with property investment portfolios has increased markedly. There is no doubt one of the main reasons for this is the gradual phasing out of income tax relief for loan interest and other finance costs on residential/buy-to-let properties. Until April 2017, taxpayers obtained relief for [...]
An Equity Release Mortgage can offer all sorts of freedoms, like unlocking the money tied up in your home and the lifestyle benefits for you and your loved ones. But it’s not all good news. Equity Release can stack up a lot of interest and put unfair pressure on your children. What is a Lifetime [...]
Older people have always been a go-to target for financial abuse, especially now that new technology is exposing new vulnerabilities. According to Age UK, tens of thousands of older people are at risk of financial abuse, especially those with dementia or reduced cognitive functions. Now the charity is calling on banks and other organisations to [...]
It's commonly understood that business owners are the underlying foundation of our economy. Furthermore, their assistance in the economies recovery and increase in employment over the last five years was profound. Of course, all of this effort to stabilise the economy was taken with many risks to both business and personal financial security. This risk [...]
From April 2017 each individual will be offered a “family home allowance” of initially £100,000 and increasing to £175,000 by 2020-21. Following the design of the existing “Nil Rate Band” of £325,000, it will be capable of transfer between spouses and registered civil partners . The effect will be to permit up to £1m to [...]
George Osborne's recent 2015 Budget announcement caught the attention of many UK landlords, who will receive less tax relief on their properties from 2016. This HMRC document sets out exactly what has changed.
As the Scottish Government starts to distinguish itself from the UK regime we start to see interesting differences which means not surprisingly more tax. Under the old Stamp Duty Land Tax system, a back to back transaction which completed on the same day paid only one lot of tax if handled properly. Under Land and [...]
While the Conservatives have promised not to increase corporation tax, National Insurance, Income Tax or VAT, there is still a chance other taxes could go up. Which is a concern for the real estate industry. With over two million private landlords renting out five million properties in the UK, being aware of tax reliefs and [...]