Category Archives: Tax News

Inheritance tax on a Principal Private Residence

General points with regard to a single person: The current inheritance tax nil rate band of £325,000 remains the same, however, a new “Residence Nil Rate Band (RNRB) will be phased in gradually from 6 April 2017.  The RNRB will … Continue reading

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The taxation of dividends from April 2016

The taxation of dividends is changing from April 2016. A new tax-free dividend allowance will be introduced along with additional taxation rates. The tax-free dividend allowance will mean that the first £5,000 of dividend income received by an individual will … Continue reading

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Furnished letting tax changes

Furnished letting tax changes are expected to take effect from April 2016. The rules for furnished lets are changing as the government is removing the 10% deduction for wear and tear allowance and replacing it with a deduction for the … Continue reading

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