Category Archives: Personal Tax

Setting up a trust may be ideal for those parents or grandparents who may wish to save money over a period of time to fund school fees or if they wish to transfer a lump sum as part of their estate planning.

Educating the next generation: What parents and grandparents need to know about school fees and education trusts

Reena Bhudia - rbhudia@goodmanjones.com

Updated on 14th August 2021

Categories:

FICs are a solution primarily aimed at family wealth preservation. Until 2006 the usual strategy to preserve family wealth would have been the trust, but tax changes since 2006 have made the use of a trust less attractive.

What is a FIC and why are they gaining in popularity?

Graeme Blair - Partner - gblair@goodmanjones.com

Updated on 23rd April 2021

Categories:

If some or all of these changes are implemented, this could still result in a significant overhaul in the taxation of passing on wealth.

Inheritance Tax and Trusts: Changes so far and changes to come?

Reena Bhudia - rbhudia@goodmanjones.com

Updated on 31st March 2021

Categories:

A Picture of Richard Verge - Tax Director

The super deduction of 130% for capital expenditure and an extension of tax relief on business losses incurred during the lockdown came as a pleasant surprise.

Spring Budget 2021

Richard Verge - Tax Director - rverge@goodmanjones.com

Updated on 5th March 2021

Categories:

A Picture of Aidan Roberson - Tax Manager

Family businesses could see three key areas impacted by changes to capital gains tax proposed by the Office for Tax Simplification

What do the changes to CGT mean for family businesses?

Aidan Roberson - Tax Manager - aroberson@goodmanjones.com

Updated on 7th December 2020

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With glimpses of the end of the pandemic in sight, it would seem prudent to accelerate existing plans for company liquidations and asset disposals ahead of the Budget expected next spring.

Back to the Future for CGT?

Aidan Roberson - Tax Manager - aroberson@goodmanjones.com

Updated on 12th November 2020

Categories:

Unprecedented times give the opportunity for bold thinking and reform, which may be tempting for a Chancellor who has declared himself to be “unencumbered by dogma”. So what might he do?

Coronavirus and the Future of Tax

Aidan Roberson - Tax Manager - aroberson@goodmanjones.com

Updated on 3rd September 2020

Categories:

We've been talking through some of the questions which clients have been grappling with in recent weeks. One I've been asked a number of times are from employers concerned about their employees being able to continue to afford contributions into their auto-enrolled pensions. What options do they have at the moment?

Financial Planning priorities for employers and individuals – 2020

Richard Verge - Tax Director - rverge@goodmanjones.com

Updated on 22nd February 2021

Categories:

A Picture of Janet Pilborough-Skinner - Partner

What could affect private individuals, both in the UK and abroad, who may be watching what the UK does with interest?

Who will pay for the Government’s Coronavirus support? – What higher rate tax-payers need to consider now

Janet Pilborough-Skinner - Partner - jpilborough-skinner@goodmanjones.com

Updated on 29th June 2020

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Category Archives: Personal Tax

Setting up a trust may be ideal for those parents or grandparents who may wish to save money over a period of time to fund school fees or if they wish to transfer a lump sum as part of their estate planning.

Educating the next generation: What parents and grandparents need to know about school fees and education trusts

FICs are a solution primarily aimed at family wealth preservation. Until 2006 the usual strategy to preserve family wealth would have been the trust, but tax changes since 2006 have made the use of a trust less attractive.

What is a FIC and why are they gaining in popularity?

If some or all of these changes are implemented, this could still result in a significant overhaul in the taxation of passing on wealth.

Inheritance Tax and Trusts: Changes so far and changes to come?

The super deduction of 130% for capital expenditure and an extension of tax relief on business losses incurred during the lockdown came as a pleasant surprise.

Spring Budget 2021

Family businesses could see three key areas impacted by changes to capital gains tax proposed by the Office for Tax Simplification

What do the changes to CGT mean for family businesses?

With glimpses of the end of the pandemic in sight, it would seem prudent to accelerate existing plans for company liquidations and asset disposals ahead of the Budget expected next spring.

Back to the Future for CGT?

Unprecedented times give the opportunity for bold thinking and reform, which may be tempting for a Chancellor who has declared himself to be “unencumbered by dogma”. So what might he do?

Coronavirus and the Future of Tax

Financial Planning priorities for employers and individuals – 2020

What could affect private individuals, both in the UK and abroad, who may be watching what the UK does with interest?

Who will pay for the Government’s Coronavirus support? – What higher rate tax-payers need to consider now

Initial thoughts are that companies should be looking at their distributable reserves and considering paying dividends before 6 April 2022 and employers could consider salaries and bonuses before the same date as well.

Setting up a trust may be ideal for those parents or grandparents who may wish to save money over a period of time to fund school fees or if they wish to transfer a lump sum as part of their estate planning.

FICs are a solution primarily aimed at family wealth preservation. Until 2006 the usual strategy to preserve family wealth would have been the trust, but tax changes since 2006 have made the use of a trust less attractive.

If some or all of these changes are implemented, this could still result in a significant overhaul in the taxation of passing on wealth.

The super deduction of 130% for capital expenditure and an extension of tax relief on business losses incurred during the lockdown came as a pleasant surprise.

Family businesses could see three key areas impacted by changes to capital gains tax proposed by the Office for Tax Simplification

With glimpses of the end of the pandemic in sight, it would seem prudent to accelerate existing plans for company liquidations and asset disposals ahead of the Budget expected next spring.

Unprecedented times give the opportunity for bold thinking and reform, which may be tempting for a Chancellor who has declared himself to be “unencumbered by dogma”. So what might he do?

What could affect private individuals, both in the UK and abroad, who may be watching what the UK does with interest?