4 minUnderstanding the Tax Implications of Joint Tenants vs Tenants in Common.What are the pros and cons of being joint tenants vs tenants in common? The right choice is dependent on a variety of factors, such as...
2 minWhat are the Inheritance Tax rates and allowances?Inheritance Tax (IHT) is the tax paid on someone’s estate after they pass away. In the 2023/24 tax year, the standard IHT rate is 40%,...
6 minThe UK taxation impact of marriage and forming a civil partnership – Part one: Income taxLove and tax part 1: Income tax Key points Couples can claim either the married couple’s allowance or the marriage allowance. These are...