Latest - TAX AND TRUSTS

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  Top tips when it comes to Business Property Relief cases

  12 January 2021

  Sponsored article. For professional advisers and paraplanners only. Not to be relied upon by retail investors. Octopus sat down with the Mark Greenwood, Director of Compliance Services at SimplyBiz, to discuss recommending inheritance tax-efficient investments. If you’re new to the world of investments that qualify for Business Property Relief (BPR), what are some practical...

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  Albion Capital opens VCTs to top-up funding

  7 January 2021

  Albion Capital is looking to raise up to £45 million through top up offers for five of its venture capital trusts. The fundraising targets the following amounts across the Albion VCT range: Albion Technology & General VCT PLC    £14m Kings Arms Yard VCT PLC           £12m Albion Development VCT PLC    £7m Albion Enterprise VCT PLC        ...

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  Paraplanning and Capital Gains Tax: The outlook for 2021

  3 January 2021

  Paraplanners may have to adapt to a new Capital Gains Tax regime in 2021, and explain it to clients. Gerry Brown looks at the implications of the recent report from the Office of Tax Simplification and the questions it’s raised. In November 2020 the Office of Tax Simplification (OTS) published the first part of...

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  There’s more to estate planning than gifting

  20 December 2020

  Sponsored article Making lifetime gifts to plan for inheritance tax is permanent and irreversible, but it’s not the only way, says Jessica Franks, Head of Tax, Octopus Investments If you’ve helped a client plan for inheritance tax, as many of you will have, then you’ll recognise the typical reluctance from clients to give away wealth...

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  Novia adds “What if” scenarios to Capital Gains Calculator

  20 December 2020

  Novia has enhanced the user experience and added functionality to its Capital Gains Calculator.  The new functionality enables the paraplanners and advisers to model a range of ‘what if’ scenarios, to assist their clients with managing their tax liabilities. The scenarios can include a client’s current CGT allowances, losses from previous years, realised gains...

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  The future of inheritance (tax)

  16 December 2020

  The idea of inheritance is changing, sparked by issues such as the high cost of house purchase and the impact emotionally and financially of the Coronavirus crisis, suggests Mark Wintle, inheritance tax specialist, WAY Investment Services, The pandemic of 2020 has led to a fundamental rethink in many aspects of our lives. The concepts...

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  FinCalc launches lifetime allowance tool within cashflow modeller 

  16 December 2020

  Financial planning software provider FinCalc has launched a new lifetime allowance tool within its Cashflow Modeller.  Pension savers who exceed the current lifetime allowance of £1.073 million risk a 55% tax charge if the amount is withdrawn as a cash lump sum. Gavin Shears, senior product consultant, FinCalc, says: “With a lifetime cashflow modeller,...

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  Understanding Wills and Deeds of Variation application

  15 December 2020

  The Brand Financial Training team examines Will writing and where Deeds of Variation can apply and be of benefit to clients. Everyone should make a Will, yet the fact is that still only 1 out of 3 of us actually gets round to doing it, and a fair few of those are picking up...

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