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National boundaries pose little or no obstacle to tax evasion. The Court of Appeal made that point in an important ruling which has greatly boosted the ability of HM Revenue and Customs (HMRC) to pursue inquiries beyond the borders of the UK. Continue reading →
More than 550,000 people die annually in the UK and half of those deaths require the completion of Inheritance Tax (IHT) forms, which are not straightforward and can be a daunting burden at a difficult time for families. Continue reading →
When an 18-year-old woman bought a derelict end terrace property in London in 2006 and sold it to developers the following year, she made no entry on her tax return, believing that principal private residence relief applied. Continue reading →
Mr Aleksic was born in Montenegro but had lived in the UK since shortly after the Second World War and died a British citizen. He worked very hard throughout his lifetime and acquired an estate of over £2 million. Unfortunately however Mr Aleksic’s English was by no means perfect and his home-made Will included many misspelt words, faulty grammar and misplaced punctuation which needed to be interpreted by the High Court. Continue reading →
On Wednesday 26 April 2017, Healys’ Private Wealth team presented an update on all the changes that have been implemented or planned for 2017 that affect the protection of wealth to a private audience consisting of a number of professionals.
Few bank managers back in 2006 were aware of the consequences of their customers signing the terms and conditions of the Swiss Francs mortgage; and even fewer bank employees were in a position to explain the dangers that this product had for their clients. Continue reading →
With house prices on the increase selling your home might look like a great idea. Most people however are unaware that when selling a home you may have to pay tax on the profit made from the sale; particularly when you, together with your spouse or partner, have more than one property or are fortunate enough to split your time between a town and country residence. Continue reading →
