by Town Close Financial Planning | Nov 12, 2015 | General News, Tax News
Last year we went over and above the call of duty in our Autumn Statement Preview: we combed the Chancellor’s Twitter feed to look for clues as to what might be in his speech. Obviously we had to do the same this year and, goodness me, what an exciting life Mr Osborne... by Town Close Financial Planning | Sep 8, 2015 | Investment News, Tax News
The Treasury revealed in July that the dividend tax credit would be replaced with a new tax-free allowance of £5,000 of dividend income for all taxpayers, which takes effect from April 2016. The Chancellor said at the time that the move would “simplify the taxation of... by Town Close Financial Planning | Aug 4, 2015 | General News, Tax News
A major shake-up of the buy-to-let housing market could be about to take place, after the Chancellor announced plans to change mortgage tax relief for landlords. In his Summer Budget speech, the chancellor said that the relief will be cut to 20%, from 40-45%, in an... by Town Close Financial Planning | Aug 3, 2015 | Estate Planning, General News, Tax News
Inheritance tax, once only paid by the super-rich, has become a middle-class plague as house prices have soared. But millions will now escape this unpopular ‘death duty’ thanks to a chunky new allowance announced by the Chancellor. For all bar the wealthiest,... by Town Close Financial Planning | Aug 3, 2015 | General News, Tax News
An analysis of the Chancellor’s Summer Budget recently published by ‘This is Money’ presents the outcomes for individuals and families in relation to broad categories of ‘Winners’ and ‘Losers’. One category labelled as winners are Taxpayers. The threshold at which...