Derek McKay’s job is like being in opposition. He can commit to spend what he thinks is best, and if the income doesn’t come in, he can point to the UK Government. As expected, he also suggested that whatever plans are in place are subject to change if and when the outcome of Brexit is […]
Please find summary document of the key issues arising from yesterday’s budget for your information. Kindly prepared by our own accountants, CHD Chartered Accountants & Tax Advisors. See 2018 Autumn Budget Wealthflow LLP › Should you have any questions arising from the points mentioned, please do not hesitate to contact Duncan Glassey direct on 0131 247 6745. For […]
The UK Budget set out an increase in the personal allowance, which rises from £11,500 in 2017/18 to £11,850 in 2018/19. The basic rate band is £33,500 in 2017/18 and £34,500 in 2018/19. So the threshold at which the 40% band applies increases from £45,000 to £46,350 for those who are entitled to the full […]
Probate tax – England The Government has announced that the cost of obtaining probate of deceaseds’ estates is to be changed and will in future be linked to the value of the estate.
This last Spring Budget focussed on the stability of the tax system and signalled increasing alignment in the tax treatment of the employed and self-employed.