You are invited …
Join our partners, Wilkins Kennedy, for their next two webinars, where their experts will help you navigate the Government’s latest news and guidance, helping businesses bounce back from COVID-19 and prepare for life after Brexit.
Capital Gains Tax and the new regime for reporting and paying property tax
Wednesday 22 July 2020 | 12:30pm – 13:30pm
For many, disposals of residential property reporting of the gain made and the tax payable will need to be actioned within 30 days. Leaving the reporting and payment of tax until the following 31 January may no longer be possible.
Join Wilkins Kennedy private client and personal tax experts, Miya King, Morag Watson and Tom Lacey, for the first in a new series of webinars on personal and private client taxes, offering useful insight into how and when the new capital gains tax regime for residential property will apply and how it will affect you.
Inheritance Tax Update – Potential impacts on your IHT liability
Thursday 30 July 2020 | 12:30pm – 13:30pm
Although life has been far from normal in recent months, the COVID-19 pandemic does not mean that there is no place for inheritance tax (IHT) planning in these strange times.
New limits on the Residence Nil Rate band came into force from 6 April 2020 which could significantly impact your IHT liability, particularly if your Estate is valued close to the £2m threshold. Other planning measures such as Family Investment Companies (FICs) can still be put in place, and the financial impact of COVID-19 can actually offer increased opportunities for planning.
In this webinar we will first look at the practical impact of the Residence Nil Rate band, before considering planning with low asset values. We will also look at how FICs work, and how you may use them in practice. Finally, we will look at some of the ways in which the Chancellor might look at changing the IHT and capital taxes regime in order to pay for the COVID-19 bail-out, and why you might like to think about IHT planning now.
We hope you will be able to join our partners, Wilkins Kennedy, at one of their webinars above.
If you have any questions regarding the webinar topics, or would like to arrange a call with a member of their team to discuss the impact of COVID-19 or Brexit on you and your organisation, please get in touch with your local Wilkins Kennedy contact.