What’s involved with setting up a Trust?
Trusts are commonly used to provide income or financial stability to individuals who may not be able to take care of themselves, for...
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Rhoda Cooper
- Mar 14
Family trusts and registration deadline - 1 September
The following Trusts are some of the most common Trusts that we come across at Finch Tax. Will Trusts Property Protection Trusts Asset...
Rhoda Cooper
- Mar 14
Splitting property income between spouses or civil partners
A common question I am asked by people is…. ‘Can we treat all property income on our jointly owned property as my wife’s because she does...
Rhoda Cooper
- Mar 11
MTD for Income Tax – What is it and how could it affect you?
Making Tax Digital (MTD) is part of HMRC’s drive to digitise the tax assessment and collection process. Initially introduced for VAT...
Rhoda Cooper
- Mar 8
Possible ways to reduce your tax bill - before 5 April 2022
I don’t know about you but, for me, the start of the year is where I look at my finances in detail. I look at where I can cut back and...
Rhoda Cooper
- Mar 7
Your handy guide to the tax rates and allowances for 2022/23
In his 2021 Budget, Rishi Sunak, Chancellor of the Exchequer, announced a freeze of many tax rates and allowances. A summary of the key...
Rhoda Cooper
- May 18, 2021
Lasting Powers of Attorney - what are they and why do them?
In our separate news article, ‘Time to review your Will’ we discussed the importance of keeping your Will up to date and gave examples of...
Rhoda Cooper
- May 18, 2021
Time to review your Will
The COVID-19 pandemic has caused a lot of people to review their home and work situations. It has also caused many people to review their...
Rhoda Cooper
- May 18, 2021
Making gifts in your lifetime
When meeting clients to discuss putting a Will in place, clients often ask us what gifts they can give their children or grandchildren...
Rhoda Cooper
- Mar 5, 2021
Making Trust Distributions
At Finch Tax, we provide support to trustees to ensure that their trust is being administered in accordance with the terms of the trust...
Rhoda Cooper
- Feb 9, 2021
Getting to grips with probate
It is not a subject we like to dwell on, but sooner or later a family member, loved one or a close friend will sadly pass away. There are...
Rhoda Cooper
- Feb 9, 2021
NEW 60-day deadline to report and pay CGT on certain property disposals
On 6 April 2020 there was an important change to the deadline for reporting and paying capital gains tax on the disposal (such as a sale...
Rhoda Cooper
- May 21, 2019
Inheritance tax explained
Many people aren't aware that if their estate is valued at over £325,000 (or £650,000 if you married or in a civil partnership) it will...
Rhoda Cooper
- May 13, 2019
Things to consider when making a Will
There are many things to consider when making a Will. Tax, for instance, in some cases can be an important one. But it should be...
Rhoda Cooper
- May 13, 2019
Government changes to probate fees
It was originally intended that from April 2019 the government would be make changes to the probate fee structure resulting in probate...