Tag Archives: tax free

The most common misconceptions about Inheritance Tax, and why you may need to start planning

The huge increases in house prices over recent decades has been one of the main reasons why inheritance tax has started to hit more and more ordinary people. Understanding Inheritance tax and how you may be affected by it, is vital. If you begin planning for it now, you avoid passing a tax bill onto…

New Tax-Free Childcare Scheme

At the end of April 2017, the new Tax-Free Childcare scheme was launched by the government. The government has started inviting parents to apply for Tax-Free Childcare beginning with parents of the youngest children and parents of disabled children. This may be of interest to you as: if you are an employer, you may be…

Should we give shares to children and pay £5,000 dividends tax free?

The introduction of the £5,000 tax-free dividend allowance has tempted many family company shareholders to give shares to other family members so that they can be paid £5,000 a year tax-free. (Note that this allowance reduces to £2,000 from 6 April 2018). Such a strategy needs to be carefully structured as there can be Capital…