PORTFOLIOS UP DESPITE BREXIT BY 16.77% 29.06.16
Alan Solomons told an FT journalist that he was not changing his portfolios because of Brexit. They are up 16.77% between 1 September 2015 and 28 June 2016 and continued up after the referendum.
P11D STATEMENT OF BENEFITS IN KIND POSSIBLE CHANGES FROM 6 APRIL 2015? 05.11.14
Each year employees who have employee benefits and or expenses paid for by the employer require a form P11D to be prepared by the employer. In many cases a dispensation is obtained from HM Revenue and Customs. This may no longer be the case from 5 April 2015. There may be no need to apply […]
THE BANK OF ENGLAND ANNOUNCE IMPROVED PROTECTION FOR DEPOSITORS AND CERTAIN INSURANCE PRODUCTS 07.10.14
The Bank of England announced on Monday that it is introducing rules to increase protection on bank balances to £1m where the balance is temporarily high for such occasions as house sales to save customers spreading the proceeds among banks at £85,000 per bank in order to ensure compensation. Likewise the protection on certain insurance […]
PRINCIPAL PRIVATE RESIDENCE ELECTIONS TO END – END OF TAX PLANNING FOR CAPITAL GAINS 01.10.14
From 6 April 2015 you will no longer be able to elect which property is your Principal Private Residence, PPR and hence get relief from Capital Gains Tax, CGT. Currently you can choose and inform HM Revenue & Customs of your choice. When you sell that property no CGT is due on the gain from […]
LATEST NEWS ON TAX FREE PENSION TRANSFERS ON DEATH 29.09.14
George Osborne, the Chancellor of the Exchequer has today announced that pension funds transferred on death before age 75 will no longer be subject to 55% tax. Over 75 then the inheritor will pay tax at their highest marginal rate. This is good news and better than many expected in the industry. The common thought […]
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