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Did you know, you can pass up to £1 million on to your children free of inheritance tax? No more inheritance tax on family homes. Our helpful series of articles on tax will keep you informed with what you need to know.
Learn moreAs part of our helpful series of tax updates, we take a look at changes to the Scottish income tax (SIT) bands which were announced at the Scottish Budget on 28 January 2021 and came into effect from 6 April 2021.
Learn moreMany landlords have historically been willing to take out large loans to finance the purchase of buy to let properties on the basis that a tax deduction could be claimed against the rental income for the whole of the interest paid. Income tax relief for interest paid on borrowings is however now restricted to the basic rate of income tax (20%). This article explains the impact of this restriction and potential planning options for landlords.
Learn moreThe UK residential property market has for a long time been an attractive proposition for foreign investors. An increased demand for UK residential property from abroad runs contrary to both the Scottish and UK Governments’ objectives to slow down the property market and encourage wider property ownership.
Learn moreAs we enter a new tax year we understand, in these challenging times for both family life and business life, reviewing tax and finances may be one of the things that becomes more important to all of us. We've produced a personal tax review to help you to identify any tax planning opportunities and take any actions required.
Learn moreFor many, making a will is something we mean to do but usually sits around the bottom of the to-do list. While many of us have a little more time on our hands than we normally would, and have all been concerned about the impact Covid-19 may have upon our families, our friends, colleagues and businesses, it may provide some comfort to finally complete some of those tasks we never get round to in our normal busy lives, such as making a will.
Learn moreChancellor Rishi Sunak revealed his Budget on 3rd March, but what will be the impact for private individuals? The Chancellor vowed to “protect the jobs and livelihoods of the British people” against the backdrop of the UK emerging from the Coronavirus pandemic.
Learn morePassing on an independent or family run business as a going concern will be one of the first priorities when looking to retire or move to a different role within a business. So when it comes to exiting a business, how do owners ensure continuity, especially if there are no obvious family succession routes?
Learn moreThe Scottish residential property market ended 2020 with a boom, with property values in Edinburgh seeing a sharp increase in the final 3 months of the year. With Land and Buildings Transaction Tax suspended on the first £250,000 of a property purchase price until 31 March 2021 and more high loan-to-value mortgage products available, this is showing no signs of slowing down.
Learn moreFor many couples, a key is likely to come before a ring, although it’s true to say that there may be more rings and proposals around Valentine's Day. Whether you’re living together, planning to live together or getting married, it’s important to seek expert legal advice to make sure you’re as well prepared and well informed as you can be for the different life events that might arise.
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