The Importance of Financial Planning for Today’s Business People Why Do I Need Business Protection? Anyone in business today wouldn’t think twice about insuring their business against loss from fire or theft. However, there are many other circumstances that can have damaging and lasting consequences for your business. Indeed, without the right kind of protection,… Continue reading Business Protection
Category: Articles
Passing on Business Assets
When business assets are disposed of, either through sale, gift or inheritance, a number of different tax charges may arise. A Capital Gains Tax charge may be incurred by the person disposing of the assets, even if the assets are being given as a gift. The current CGT rate is 33%. A Capital Acquisitions Tax… Continue reading Passing on Business Assets
Life Cover
Life cover pays a lump sum to your family or personal representatives when you die. They can use this lump sum to: help pay for any inheritance tax bills, help pay off bills or the mortgage, help cover funeral expenses; and give your dependants an income when they need it most. You should be aware… Continue reading Life Cover
Capital Acquisitions Tax
Capital Acquisitions Tax: A Customer Guide. This is an outline of the current tax and legal issues that may need to be taken into account when you are considering Inheritance Tax planning and it is based on an interpretation of current legislation and Revenue practice. It is recommended that you seek professional legal and tax… Continue reading Capital Acquisitions Tax
Estate Planning
Is Capital Acquisitions Tax still a real issue for clients? There may be a perception that, given the recent reduction in estate and asset values, the need to plan for Capital Acquisitions Tax has gone away. If you look at some of the underlying facts, however, the truth is very different. The Problem Revenue reported… Continue reading Estate Planning