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Let-to-buys more costly

HMRC consultation issued on 28 December 2015 reveals Stamp Duty Land Tax (SDLT) increases for additional properties will catch all let-to-buys but not all buy-to-lets. Topic:General
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Rebates tax for platform investors

Much has been made of the outcomes of HMRC’s confirmation that rebates to customers on platforms should always have been taxed. We explain what this means for investors. Topic:General
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Charity investment

How a charitable investment into an offshore life assurance or capital redemption contract would be taxed in the UK after the Finance Act 2008 changes. Topic:General
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Ethical & socially responsible investing

This article aims to explain the different types of strategy that ethical funds may adopt and why ethical funds shouldn’t be overlooked when aiming for capital growth. Topic:General
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Qualifying policy rules

This article looks at the main Qualifying Policy rules and conditions that must be met in order to retain the tax advantages associated with qualifying policies. Topic:Qualifying Policies
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Changes to qualifying policy rules

The Budget on 21 March 2012 introduced important changes to tax rules around qualifying policies. Here is a summary of the changes and how they affect new and existing policies. Topic:Qualifying Policies
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Lifetime ISA – A must for first time buyers

This article looks at the benefits of the Lifetime ISA which is due to launch on 6 April 2017 following the publication of the draft ISA Regulations 2017 on 27 October 2016. Topic:ISA
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ISAs – using your tax allowances

The following case studies clarify how much can be paid into an ISA under the current rules for the tax year 2015/16. Topic:ISA
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Transfer of an ISA allowance to surviving spouse/civil partner

From 6 April 2015 when an ISA investor dies, it has been possible for a surviving spouse to make additional subscriptions above the normal ISA allowance (£15,240 in 2015/16). Topic:ISA
Campervan couple

Updated HMRC guidance on the transfer of an ISA Allowance to surviving spouse/civil partner

The industry welcomed the announcement in the Autumn Statement that a surviving spouse/civil partner can inherit the value of their deceased spouse/civil partner’s ISA accounts. Topic:ISA
open book

Multiple chargeable events on multiple and single policies ending in the same tax year

A client may need to fully or partially encash their investment bond(s) at different times within one tax year creating a series of gains. How these bonds are encashed can determine any chargeable gains realised within that tax year and the calculations for tax. Topic:Chargeable Events
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Chargeable Gains on Onshore Bonds

Chargeable gains – when they apply and to whom. This will be laid out with a general overview and then subsections dealing with each scenario. This article deals with individuals and trusts but does not cover bonds held by corporate investors. Topic:Chargeable Events
completing forms

UK single premium investment bond tax

In the following article, references to the current UK tax rates mean rates in the tax year ending on 5 April 2017 (tax year 2016/2017). Topic:Chargeable Events
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Time apportionment relief changes

The aim of this document is to provide an overview of the changes to time apportionment relief which were implemented in the Finance Act 2013. Topic:Chargeable Events
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Don’t be rash; get tax advice before you encash!

The Upper Tribunal ruling in Joost Lobler v HMRC (2015) UKUT 152 (26 March 2015) has overturned the First Tier Tribunal decision and now enables the court to provide a remedy of rectification in the limited circumstances where the court deems the error of selecting a part surrender instead of a full surrender on a withdrawal form to be ‘of a sufficiently serious nature’. Topic:Chargeable Events
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UK tax – Chargeable Events and LPRs

UK tax assessment process where chargeable events occur following the death of the policyholder (or last policyholder for jointly held bonds). This applies only where the policyholder was not a trustee. Topic:Chargeable Events
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UK taxation of offshore bonds, part 3

This article explains how personal portfolio bond taxation interacts with other UK chargeable events. Topic:Offshore
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UK taxation of offshore bonds, part 1

Income tax assessment where UK resident individuals hold an offshore regular or single premium life assurance bond, or a capital redemption bond offered by Old Mutual International, OMII or OMIG. Topic:Offshore
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Taxing collectives in an offshore bond

This article looks at the taxation of a collective investment when held by a UK-resident bondholder (excluding companies) inside an offshore bond and considers any additional liability which may fall on the bondholder. Topic:Offshore
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Offshore bonds as UK trustee investment

This article explains how offshore bonds can be a suitable trust asset for a number of reasons. Topic:Offshore
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UK taxation of offshore bonds, part 2

Reliefs available where a chargeable event gain has been made. It is recommended that this article is read in conjunction with UK taxation of offshore bonds - Part I Chargeable Events which details how the chargeable event regime works. Topic:Offshore
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Offshore bonds for the UK expat

Offshore bonds have been successful because of their flexible UK tax planning benefits. But for investors outside of the UK, including UK expats, they're still important when investing lump sums. Topic:Offshore
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Advantages of using an offshore bond

This article aims to provide an overview of the advantages and disadvantages of purchasing an offshore bond for UK resident clients. Topic:Offshore
Lighthouse

Offshore Bonds: ‘smaller companies’

High level summary of FRSSE change coming into effect on 1 Jan 2016. Topic:Offshore
sterling notes

The new 0% rate of tax on Savings Income

With effect from 6 April 2015 the starting rate of tax for savings income was reduced from 10% to a zero rate. In addition, the savings rate band was increased from £2880 per year to £5000 and the ability to claim tax free interest was introduced but what does this all mean to investors? Topic:Offshore
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Onshore and Offshore bonds

This ‘Back to Basic’ guide lays out some of the basic facts that should be considered and show some of the differences between onshore and offshore bonds. Topic:Offshore
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Advantages of using a UK bond

This article provides a high level summary of the potential advantages and disadvantages of UK bonds. Topic:Onshore
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A future for the Investment Bond?

The tax changes effective from 6 April 2016 impact the attractiveness of different investment types - where does this leave the investment bond? Topic:Onshore
pen and cards

Taxing investment bonds held in trust

This article looks at how UK investment bonds are taxed when they are held inside a trust. It assumes that you have a good understanding of the common types of trusts that hold UK investment bonds. Topic:Onshore
completing forms

UK single premium investment bond tax

In the following article, references to the current UK tax rates mean rates in the tax year ending on 5 April 2017 (tax year 2016/2017). Topic:Onshore
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Bonds V Unit Trusts

There are many occasions where comparisons are sought between the taxation of unit trusts and the taxation of bonds as advisers try to determine the best route for a client’s investment. Topic:Onshore
Building skyline

Onshore and Offshore bonds

This ‘Back to Basic’ guide lays out some of the basic facts that should be considered and show some of the differences between onshore and offshore bonds. Topic:Onshore
messy desk

UK tax – Chargeable Events and LPRs

UK tax assessment process where chargeable events occur following the death of the policyholder (or last policyholder for jointly held bonds). This applies only where the policyholder was not a trustee. Topic:Onshore
Analysis

Is it all about the wrapping?

We are often asked whether a bond or a collective is the right choice for a particular client. This isn’t a new dilemma however; certain legislative changes have changed the comparisons slightly. Topic:Collectives
flags

Taxing collectives in an offshore bond

This article looks at the taxation of a collective investment when held by a UK-resident bondholder (excluding companies) inside an offshore bond and considers any additional liability which may fall on the bondholder. Topic:Collectives
Couple

Taxation of collectives held directly

This article looks at the taxation of a collective investment when owned directly by a UK resident investor and considers any additional liability which may fall on the investor. Topic:Collectives
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Advantages and Disadvantages of a UK collective investment for UK investors

This article provides a high level summary of the potential advantages and disadvantages of using a collective investment. Topic:Collectives
presentation

CGT a summary of how the tax applies

This article sets out the main rules relating to capital gains tax (CGT). Topic:Collectives
coins

Taxation of collectives held in trusts

This article looks at how UK collective investments are taxed when they are held inside a trust. Topic:Collectives
pen and glasses

A future for the Investment Bond?

The tax changes effective from 6 April 2016 impact the attractiveness of different investment types - where does this leave the investment bond? Topic:Collectives
pen and cards

Changes to Dividend Taxation

Budget 2015 introduced changes to the way dividends will be taxed with effect from April 2016. Topic:Collectives
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Dividend taxation – an update

Further to the Summer Budget 2015, HMRC have now issued a factsheet providing some clarity on how the £5,000 dividend allowance will work from April 2016. Topic:Collectives

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