Thursday July 2, 2009

Dear Reader

July tax payment on account

Summer has definitely arrived which of course lends itself to thoughts of "Phew What A Scorcher" and forthcoming summer holidays. The end of July is the time when self employed business owners and some higher rate tax payers are likely to need to make a second payment on account for 2008-9 tax. Many may find this difficult in the current climate. Read more...

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Tax on your home phone

The government is proposing to charge every household 50p per month on their fixed line phone to fund the digital revolution. Read more...

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Inheritance tax for couples

There have gradually been fewer and fewer tax reasons for getting or remaining married or being in a civil partnership but one area of note still stands out.

Spouses and Civil Partners (CPs) are able to transfer property between themselves at death (and also in their lifetimes) without any charge to inheritance tax. Any tax liability is only payable on the second death, based on the whole estate held by the survivor. Read more....

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