Below you'll find a list of all posts that have been tagged as “tax planning”
The Person Without Any Tax Planning Loses… Everyday Of The Week Trusts have been a popular way to manage property and assets since the times of the Romans, and are considered a crucial part of clever tax planning. Simply put, trusts are a way to separate the legal ownership and control of a property from its equitable ownership and its …
7 Things To Know About Inheritance Tax As Benjamin Franklin once famously declared, ‘in this world, nothing can be said to be certain, except death and taxes’. If there’s one thing in the world that perfectly embodies Franklin’s statement, that is the inheritance tax. Formally speaking, inheritance tax is an impost on the estate of someone who has died. Under …
Most people think that once they get a will legally drafted and written up, then everything they have stipulated in the will applies legally. However, most people don’t consider the ramifications a second spouse can have on a will and how those assets are passed onto children. [tweet_dis_img][/tweet_dis_img] The reality is that if you have a second spouse now and …
Every year around the end of January you experience the same loathsome feeling: Oh boy, time to file the taxes again. We understand that footing the yearly bill for being a small business owner is not much fun. Reluctance to give away a chunk of your income to HM Revenue and Customs is an understandable emotional response, especially if you’re …
