Understanding gifts with reservation of benefit
Inheritance Tax (IHT) planning is a complex area, and one of the key concepts to understand is a Gift with Reservation of Benefit (GWRB). This rule is designed to prevent people from giving away a variety of assets to avoid IHT while still enjoying the benefits of those assets. If you make a gift but […]
Furnished Holiday Lettings (FHL) tax regime: what property owners need to know
The abolition of the Furnished Holiday Lettings (FHL) tax regime, confirmed in the Spring Budget 2024, will take effect from 6 April 2025. This means property owners (individuals) currently benefiting from the scheme must understand how these changes will impact them. What this means for property owners The abolition of the FHL regime will […]