Taxation

This category contains 45 posts

Self-employed: Future SEISS grants

Self employed people can claim SEISS grant no 4 from late April 2021 and no 5 from late July 2021. Both are available to those who: submitted their 2019/2020 returns latest 02 March 2021; are still and intend to keep trading in 2021; suffered a big drop in profits due to reduced activity, reduced capacity, … Continue reading

Basic Intro to Inheritance Tax

Inheritance Tax (IHT) doesn’t apply to every deceased’s estate, only to estates with a chargeable transfer. Note that a chargeable transfer can happen within seven years of the death of the deaceased. To calculate IHT, the first £325,000 falls within the nil rate band (NRB). As mentioned, this limit includes tranfers done pre-death. There are … Continue reading

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