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In the January 2022 issue of Tax Adviser, we examined the changes that had been made to trusts from 18 November 2015 in Finance (No.2) Act 2015.

This is the second of a two-part, back to basics, article on property matters for individuals.

Children add a great deal to any parent’s life – but this isn’t an article about parenting!

One effect of the inheritance tax changes to trusts in Finance Act 2006 was that trusts within the ‘relevant property regime’ became much more common.

The normal expenditure from income exemption provides a valuable exemption from inheritance tax. Where available, gifts made are immediately outside the donor’s estate.

No major changes to inheritance tax and capital gains tax will be flowing from the Office of Tax Simplification (OTS) reports, after the Treasury’s formal response on 30 November.

The coronavirus pandemic meant that 2020/21 was not a typical year in most aspects of life, including tax.

This is a the first of a two part back to basics article on property matters for individuals.

Working from home across various lockdowns has given us the rare opportunity to pause and think about our lives and our careers, and to reflect on what we want out of life.

It is well known that the deductibility of expenses for employees is much tougher than for the self-employed.