Cash on the balance sheet can have a negative effect on business property relief but maybe not entrepreneurs relief. Investing it requires care. Business needs, risk assessment and tax consequences must be understood before taking action.
A Fairer way of calculating trust charges (the 3rd consultation) sets out a new basis for applying inheritance tax to discretionary trusts. Whatever is implemented in legislation next year will apply to trusts created on or after 7th June 2014 .There’s a need for advisers to consider how various financial product/trust combinations will be affected.
The government continues its relentless attack against aggressive tax avoidance. I take a look at their strategy and how to keep the right side of the line with financial planning strategies. Boring is the new exciting.