From domicile to residence: the inheritance tax revolution for non-doms
In October 2024, the government announced in their Autumn Budget that the inheritance tax (IHT) regime for non-doms would be overhauled.
Don't wait for pensions/IHT consultation to conclude before starting IHT planning
A delay in the publication of details on how pensions may fall into inheritance tax is no reason to put off IHT planning.
DIY VAT claim
There is a special mechanism to recover VAT incurred on building, or converting a non-residential property into, a new home for you or a family member to live in. This is often referred to as a DIY VAT claim and is well worth exploring to recover some of the VAT costs that could otherwise be forgotten about.
Why young people are a key audience when it comes to talking about pensions
We need to be communicating better with young adults about the need to start saving for retirement.
Diversifying income – an increasing priority for charities
In a world in which the fundraising environment has changed drastically, charities need to think seriously about diversifying their income.
Addressing the gender pension gap
The gender pension gap is a stark reality, and it's clear that multiple systemic factors contribute to the disparity.
Family farms encouraged to adopt 'family charters' to safeguard their future
Farming families need to future-proof their businesses by creating a Family Charter – that was the call to action from Natural England’s head of agriculture and Nuffield scholar Peter Craven at the latest Lovewell Blake/NFU Farmers’ Evening.
Care Homes: Looking beyond the VAT rules
Most VAT registered businesses have at some point queried whether they can reclaim the VAT on an expense. If the expense is a personal or non-business expense, the answer is usually ‘no’. If the expense is directly linked to goods or services that are subject to VAT at 0% 5% or 20%, then the answer is usually ‘yes’.