HSBC is closing accounts on Jersey belonging to customers living in the UK amid checks on their identity and addresses.
Parents would be able to pass a main property worth up to £1m to their children without paying any inheritance tax (IHT), under plans in Treasury papers leaked ahead of Wednesday's budget.
Lawyers are urging investors who have been advised to invest in disputed tax avoidance schemes to take their financial advisers to court for compensation.
Other Tax articles
Stamp Duty changes introduced in December which made it more expensive to purchase a property over £1m are expected to be the ‘biggest headwind' to the fortunes of estate agents Foxtons this year.
Changes to the Stamp Duty tax are having a “dramatic impact” on the buy-to-let market in London and Scotland, research commissioned by Bank of Ireland UK reveals.
The Chancellor will raise the personal allowance threshold to £10,600 in the next year, £100 more than the initially planned £10,500.
Small businesses have had the relief on their annual business rates doubled for the next year.
The pension changes of next April may be the most significant event to impact on the equity release market ever, shifting the landscape and providing fresh opportunities for lenders.
Ed Miliband has come under attack for his party’s proposals for a Mansion Tax from an unexpected quarter.
A financial adviser has narrowly escaped prison after stealing £30,000 from a vulnerable widow and her disabled son before fleeing to start a new life in Portugal.
The majority of Mortgage solutions readership would inform HMRC if they were aware of someone deliberately dodging their tax liabilities.
HMRC paid out a record £400,000 in 2013 to people whistleblowing on tax avoidance activities, a Freedom of Information (FoI) request has revealed.
The number of people being pursued through the courts for tax evasion has risen by almost a third in the last year, as HM Revenue & Customs (HMRC) steps up its efforts to close the UK's £35bn tax gap.
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