Q. I am the owner/manager of a small local business. Despite what we see in the national press, trading conditions remain extremely difficult for many people in my position. Was there any good news for small business owners in the recent autumn statement? A. Yes. Although there were no dramatic gestures (which would have been a surprise… Read more »
Q. My husband and I bought our home in 1990 and, as such, have a considerable amount of equity in the property. Our home is currently for sale, as we are planning to down-size. However, a friend has told me that the Chancellor used his autumn statement last week to introduce Capital Gains Tax on… Read more »
My wife died earlier this year without having made a will. She left an estate valued at approximately £450,000 that was divided between me and our only daughter (in accordance with the intestacy rules). This means that I inherited outright a significant proportion of my wife’s estate and I also have a life interest in… Read more »
Q. My wife and I have been informed that we stand to inherit a significant amount following the death of my wife’s aunt (who had no children and left her entire estate to us). My wife and I undertook some tax planning a few years ago, as our estate was already valued in excess of our… Read more »
Q. I have heard a rumour that the income tax personal allowance is set to be increased to £10,500 in the forthcoming Autumn Statement. Is this correct? A. There is no telling what measures the Chancellor, George Osborne, will announce when he delivers his Autumn Statement (and there has been an unusual lack of advance briefing ahead… Read more »
