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Who needs to make a Will?
The short answer to this question is almost everybody because there are many benefits of having a Will, both for you and your loved ones.
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What are the tax benefits for investors of the government’s EIS and SEIS schemes?
Jamie Bird and Emily Gahagan from the Knill James Tax team look at the tax reliefs available to individual investors in HMRC’s venture capital initiatives.
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Knill James announces promotion of Jamie Bird to Tax Partner
We are delighted to announce the promotion of Jamie Bird to Tax Partner. Jamie joined Knill James in September 2015 and, with over 15 years’ experience in tax and accounting, he brings a wealth of knowledge and expertise to his role.
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Taper relief – a commonly misunderstood inheritance tax relief
If you make an outright gift of cash or an asset to a person, then you must survive for seven years from the date of making the gift for it to be completely free of inheritance tax (IHT). If not, the gifts you made in the seven-year period before you passed away are now chargeable to inheritance tax. However, there may be some exemptions and reliefs available to minimise any inheritance tax exposure.
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