One of the most often asked questions we receive is how to mitigate capital gains tax (CGT) on second homes. The following is a brief synopsis of our understanding of PPRR and how it can help clients to save tax. We have more detailed notes from outside experts for those who want additional detail.
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It is not unusual for the family home to be the biggest asset within an estate. The following notes are designed to explain some of the options available to reduce the tax burden on your property. We are not estate planning experts so these notes should be seen as a catalyst for you to get expert advice from a tax barrister or specialist lawyer.
Recent changes to the rules for pensions have radically changed the approach of advisers with regard to pension savings. The following notes are designed to give our current views of the options available to you.
We utilise specialist lawyers for inheritance tax (IHT) planning and planning relating to the use of the marital home within estate preservation arrangements. Dealing with capital gains tax (CGT) on anything other than the simplest scheme requires the services of an expert accountant.
The Residential Nil Rate Band (RNRB) is one of the most cack-handed bits of legislation we have seen in many a year. The following notes are our attempt at explaining the requirements to obtain the benefit.
Some guidelines to help you make the best Will possible.
it is essential to establish your projected state pension benefits to decide whether you need to make further National Insurance contributions to ensure you gain maximum benefit from the new single tier structure.
Swallow Financial Planning are one of only a handful of Chartered Financial Planners to have adopted the Pension Transfer Gold Standard. These notes explain what this means to our clients.
There is a huge amount of analysis which goes into any letter or report we produce. Rather than include reams of explanation on each enclosure these notes try to explain the reasoning behind our calculations.
With returns from all areas of investment being low, there is an understandable concern over the extent of costs involved in using any service or manager. These notes are designed to help you consider what charges you are paying and what the charges are for.