Tax Advisory Partnership - Blog | Richard Middleditch

New Pension Lump Sum and Death Benefit Allowance

New Pension Lump Sum and Death Benefit Allowance- Draft legislation will impact beneficiaries of death benefits that choose incomeIt was a very welcome surprise when the Chancellor announced in this ...

October 10, 2023 by Richard Middleditch in pension planning , pension

Can you have your cake and eat it?

Recent press reports have focused on an Inheritance Tax (IHT) snare we commonly see arising in our practice; one which is costing individuals who have not taken adequate advice many millions of ...

June 7, 2021 by Richard Middleditch in death duties , reduce estate , death tax , gift tax , IHT , Inheritance tax planning , leaving assets

Sick as a Parrott

Former Rangers players and staff paid through an offshore trust have been told they have weeks to approach HMRC over a settlement or face an even larger tax liability.

September 12, 2018 by Richard Middleditch in Current Affairs , Case Law , EBT , Tax Planning , employee benefit trust , Loan charge , Rangers

Inheritance Tax- don't leave it too late

August 16, 2018 by Richard Middleditch in Private Client Tax , inheritance gift , BPR , death duties , inheritance tax , reduce estate , estate planning , IHT , Inheritance tax planning , inheritance trust

Discovery Assessment for Offshore Non-Compliance

August 7, 2018 by Richard Middleditch in Non-Dom Tax , Private Client Tax

Playing a Let

Rent-a-room is a tax relief available individuals who let out a room/s in their home whilst occupying the property at the same time, for example to long-term lodgers, students, individuals working ...

July 17, 2018 by Richard Middleditch in Current Affairs , Private Client Tax , Rent a room relief , landlord tax , let property , property income , property tax , rent tax , Wimbledon

Overseas workdays relief – Expat Tax Back

Overseas Workdays Relief (OWDR) is a valuable tax relief available to non-UK domiciled taxpayers, which exempts employment earnings relating to duties performed overseas from a charge to UK tax ...

July 10, 2018 by Richard Middleditch in Non-Dom Tax , Private Client Tax , claim tax back , Employment Tax , overseas workdays , Tax Planning , tax repayment , working abroad , OWDR

Non-Resident Capital Gains Tax Penalties

Since April 2015, non-UK residents selling a UK residential property have been required to report the disposal to HMRC within 30 days of completion and pay capital gains tax on this as appropriate, ...

June 20, 2017 by Richard Middleditch in Current Affairs , Non-Dom Tax