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Helen Beaumont

Essendon Tax

Independent tax consultants ...

The 'Afsha Chugtai vs HMRC' case serves as an essential teaching moment in the realm of inheritance tax and trust law

Trusts Did Not Benefit Family in £442k Inheritance Tax Case

The recent case of Afsha Chugtai vs HMRC has significant implications for Inheritance Tax (IHT) legislation, particularly regarding trusts. The tribunal examined whether funds in two trusts qualified for exemption from IHT, ultimately concluding that they did not benefit the family as intended ...

Maximising tax relief on pensions is not merely advantageous, but essential!

Maximising Tax Relief on Pensions

Tax policy changes can impact individual financial planning. Strategic pension contributions can mitigate these effects ...


The consolidation of these small pension pots into a single pension scheme will benefit millions!

The Future of Small Pension Pots

The landscape of retirement savings in the UK is changing, especially concerning small pension pots ...


Working alongside a knowledgeable tax adviser who specialises in property means investors can safeguard themselves against costly misjudgments!

Stamp Duty: The £6.6M Property That Cost An Extra £475K

Few events are as nerve-wracking as encountering unexpected tax demands following a significant purchase ...


When it comes to tax on savings, savers should consider working with a tax adviser to mitigate the financial impact!

More Than 1.1 Million Savers Affected by New Tax on Savings

More than 1.1 million savers across the country have been impacted by a burgeoning tax on savings ...


Parents should also be aware of the 'seven-year rule' when gifting cash!

The Perils Of Gifting Cash To Your Children

Gifting cash for a property purchase is a common way parents support their offspring in securing a home ...


Rather than hiding your wealth, it really is in your best interests to make a voluntary disclosure to HMRC!

Do You Need To Make A Voluntary Disclosure To HMRC?

With the introduction of new computer systems, it is increasingly difficult to keep things hidden from HMRC ...


The ticking clock serves as a reminder that the opportunity to top up your state pension is finite!

Time is Running Out to Top Up Your State Pension

As individuals approach their retirement years, the importance of a robust financial plan becomes paramount ...


Inheritance Tax remains a significant concern for many!

Writing Life Insurance in Trust Can Benefit Your Estate

Inheritance Tax (IHT) is a complex and often daunting subject for many individuals and families ...


If some or all of your property could be used as a residence, then it falls under ATED!

ATED: Annual Tax On Enveloped Dwellings Deadline

Are you due to submit your Annual Tax on Enveloped Dwellings (ATED) soon? You may need to even with no tax due ...


Act now to take full advantage of the tax-free allowances available to you!

Don’t Miss Out on Your Tax Free Allowances

As the final weeks of the 2024-25 tax year approach, vigilant taxpayers are keenly aware of the impending deadline: the 5th of April. This date marks the cut-off for various tax-free allowances ...

Drivers who's EV costs less that £40K will pay £195 and if they cost more, they'll pay £600!

Many Electric Vehicle Owners Unaware of Looming Road Tax

EV ownership is set to undergo a transformation. Many EV owners are oblivious to a looming road tax bill ...


Embrace the opportunities that Deeds of Variation offer, as they may pave the way for better financial outcomes for your family!

Understanding Deeds of Variation

Dealing with the loss of a loved one is never easy, especially when coupled with the complexities of managing an estate ...


Navigate these changes effectively and protect yourself from additional Inheritance Tax!

Inheritance Tax: Understanding Double Taxation Risks for Pensions

The recent announcement of pensions and Inheritance Tax has significant implications for your financial planning ...


If you've been involved in a disguised remuneration scheme, you can expect to receive a letter from HMRC!

HMRC: Important Updates on Disguised Remuneration

HMRC knows that navigating the complexities of taxation concerning the Loan Charge can feel overwhelming ...


HMRC has set its sights on robust tax investigations in 2025!

Understanding HMRC's Compliance Priorities For 2025

The fiscal landscape continues to shift under the new government, and HMRC will ramp up its investigations in 2025 ...


It's about ensuring that you're compliant while still maximising the legitimate benefits of R&D tax relief!

HMRC Encourages Voluntary Disclosures for R&D Tax Relief Over-Claims

There are concerns about inaccuracies with R&D tax relief claims, so HMRC has launched a new disclosure service ...


While navigating the HICBC during a separation can seem overwhelming, understanding its intricacies provides clarity!

HICBC: A Guide for Separated Families

During separation, one financial aspect that often goes overlooked is the High-Income Child Benefit Charge ...


Here's some fun tax trivial for you to use instead of rubbish cracker jokes!

Wishing You All A Very Merry Christmas

With most of us finishing for the holidays this week, I thought I'd join the festivities and let you have some tax trivia ...


It's crucial for online sellers to ensure that their income is accurately reported!

HMRC Taking A Good Look At Savvy Online Sellers

HMRC's new data sharing initiative has been met with mixed reactions from online sellers ...


Embracing salary sacrifice is not merely a reactionary measure!

A Strategic Approach to Cost Management Using Salary Sacrifice

As businesses prepare for an increase in employers' national insurance contributions (NIC) beginning on the 6th of April next year, it is crucial they explore strategies to alleviate the burden of these additional costs ...

The Government just performed a screeching u-turn so double cab pickups are still considered vans and are not cars!

Double Cab PickUps Are Still Vans And Not Cars!

Double cab pickups have long been a popular choice for many businesses, especially in farming and construction ...


Failure to heed HMRC's warning could yield significant financial repercussions down the line!

HMRC: Timely compliance is crucial for landlords

In a recent advisory, HMRC emphasised the importance of compliance for landlords with unpaid tax ...


The need for a thoughtful approach to CGT becomes even more apparent following Labour's first budget!

Navigating the complexities of changing CGT rates

The changes in CGT rates, as announced in Labour's first Budget, demand attention from business owners ...


The pathway to successful R&D tax relief claims lies in preparation, documentation, and informed compliance!

R&D Tax Relief: Common Pitfalls And How To Avoid Them

The R&D tax relief scheme encourages innovation and supports businesses that undertake qualifying activities ...


If your bathroom leads through to the Annexe then HMRC will have an issue with MDR!

How A Bathroom Access Issue Cost £64k In MDR

The case of Shine Business Limited serves as a cautionary tale for those seeking Multiple Dwellings Relief ...


Strategic planning will be integral in mitigating the impact of potential National Insurance changes!

A Closer Look At Possible National Insurance Changes

Significant discussions have emerged around a potential hike in employers' National Insurance contributions ...


Beyond just pensions, there are broader implications to consider as well!

Address Any Missing National Insurance Contributions Soon!

Individuals have just six months to address any missing NI contributions that affect their State Pension ...


By maintaining a clear focus on employee costs, businesses can adapt to whatever changes may unfold!

Anticipating Increasing Employee Costs In The Budget

As the upcoming Budget approaches, attention is shifting towards the potential impacts on employee costs ...


If you're at or near state pension age, it's worth checking to see if you are eligible for a state pension increase!

Could You Be Eligible for a State Pension Increase?

Did you know that you may be entitled to a state pension increase? This increase is available for carers ...


If HMRC does not receive a response, it may reactivate a high earner's self-assessment account!

High Earners in the UK May Need To File A Tax Return

HMRC is writing to high earners querying whether they need to submit a tax return for the 2021/22 year and offering them guidance on how to navigate this process ...

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