Wednesday, 3 December 2014

Osborne announces complete reform of stamp duty tax

Private Client Adviser: Osborne expects taxpayers to save almost £800m a year due to the changes.

Full story: http://www.privateclientadviser.co.uk/news/property/osborne-announces-complete-reform-stamp-duty-tax

Non-doms to be hit with new charges, George Osborne announces in Autumn Statement

Daily Telegraph: George Osborne announces that non-doms will have to pay up to £90,000 a year.

Full story: http://www.telegraph.co.uk/news/politics/11271733/Non-doms-to-be-hit-with-new-charges-George-Osborne-announces-in-Autumn-Statement.html

Osborne offers mixed bag to non-domestic taxpayers

Taxation: Today’s autumn statement was a mixed bag for non-domestic taxpayers in the UK, experts have suggested, with the Chartered Institute of Taxation (CIOT) praising the announcement that there will be no changes to rules governing a non-residents’ entitlement to the UK personal allowance.

Full story: http://www.taxation.co.uk/taxation/Articles/2014/12/03/332410/autumn-statement-offers-mixed-bag-non-domestic-taxpayers

Inheritance tax: George Osborne declines to raise threshold

The Guardian: Chancellor dashed hopes of those hoping for increase from £325,000 rate and focused on exempting emergency workers.

Full story: http://www.theguardian.com/money/2014/dec/03/inheritance-tax-george-osborne-fails-raise-threshold?

Tuesday, 2 December 2014

Higher IHT threshold will harm charities, law firm warns

Private Client Adviser: The current IHT system and nil-rate band encourages donations to charities.

Full story: http://www.privateclientadviser.co.uk/news/charities/higher-iht-threshold-will-harm-charities-law-firm-warns

How the HMRC helped tax avoiders stay ahead of the law - by shifting cash for Switzerland to Liechtenstein

The Independent: The crackdown on wealth stashed in Switzerland has failed. Why? Because of a deal Britain cut with Liechtenstein.

Full story: http://www.independent.co.uk/news/business/analysis-and-features/how-the-hmrc-helped-tax-avoiders-stay-ahead-of-the-law--by-shifting-cash-for-switzerland-to-liechtenstein-9896964.html