IHT and trusts not untouched in the budget

Apart from the pension changes, which Ian Dowdell explains in his blog of 20 March 2023, the budget itself was pretty uneventful. However, there were some announcements affecting inheritance tax (IHT) and trusts which were not specifically mentioned. I assume this is...

Change of basis period

So, the end of another tax year has passed and with that a new tax year starts. Whilst some of the focus will be on collating your tax return information to enable you or your advisors to prepare your tax return for the year ended 5 April 2023, consideration also...

Making Tax Digital for Landlords

I am sure that there are not many people that have not heard the term “Making Tax Digital”. But how many landlords actually realise that this could affect them and that they will have to get up to speed with this new way of reporting income and expenses to HMRC. As...