Peter Peter and Wright
  • BIDEFORD01237 472233
  • BUDE01288 352101
  • OKEHAMPTON01837 52379
  • HOLSWORTHY01409 253262
  • Home
  • About
    • Our History
    • Firm News
    • Events
    • Testimonials
    • Careers / Vacancies
    • Complaints Procedure
  • Our Costs
    • Freehold Residential Purchase Pricing
    • Leasehold Residential Purchase Pricing
    • Re-mortgage Pricing
    • Freehold Residential Sale Pricing
    • Debt Recovery Pricing
    • Employment Tribunal Pricing
    • Probate Pricing
  • Services for you
    • Employment
    • Family & relationship matters
    • Lifetime planning
    • Litigation
    • Probate & estate administration
    • Residential property
    • Wills
  • Services for business
    • Agriculture
    • Business contracts
    • Business leases
    • Business litigation
    • Commercial property
    • Debt recovery
    • Employment
    • Landlord & tenant
    • Professional negligence
  • Our People
  • Library
    • Legal News
    • Family and Matrimonial
    • Residential Property
    • Tax and Financial Planning
    • Trust, Wills and Probate
    • General Private Client
  • Pay Us Online
  • Contact
    • Bideford
    • Bude
    • Holsworthy
    • Okehampton
    • Online Enquiry Form
  • Library

Tax and Financial Planning

  • Are You a Sophisticated Investor? In March 2005, the rules relating to approaching people regarding financial promotions were relaxed so that so called ‘sophisticated investors’ and high net worth individuals (HNWIs) could be more easily approached with a view to making...
  • Enterprise Investment Schemes: EIS and SEIS Successive governments have recognised that the spirit of entrepreneurialism, though deeply ingrained in the UK’s culture, is not really very well supported by the financial institutions. In an attempt to provide more ready access to investment capital...
  • Fiscal Help for your Student Children If you have children going away to university there are money saving options worth considering, if you are in a position to take advantage of them. The cost of accommodation is a financial burden for any student. If you can provide funds to buy a home near...
  • Funding Care in Later Life   Under the changes proposed in the Care Act 2014, which received the Royal Assent in May 2014 and which came into effect in April 2016, the funding of elderly care has changed significantly. There is a factsheet available from the Government...
  • HMRC Guidance on Tax Residence Following changes in the tax legislation governing the income tax payable by non-domiciliaries, and some relevant tax cases, HM Revenue and Customs (HMRC) have updated their guidance on tax residence and domicile . This replaces the old guidance, which was...
  • How Drawdown Lifetime Mortgages Work For people who have money tied up in their homes who wish to release capital for expenditure, or possibly to give to family members, the drawdown lifetime mortgage (DLM) is a possible vehicle. A DLM is simply a mortgage, but one which is drawn down over...
  • How Inheritance Tax Works Inheritance Tax (IHT) is paid on your estate when you die and also when money is transferred into some trust funds. Some other transfers during one’s lifetime may also be subject to IHT. The first £325,000 (2019/20 rates) of the estate is exempt...
  • IHT Nil Band for Residential Property Normal 0 false false false MicrosoftInternetExplorer4 Relief from IHT is available by way of a 'Residence Nil-Rate Band' for IHT where a person dies leaving their residence to a direct descendant, whcih means children (including...
  • IHT Planning and the AIM In recent years, Inheritance Tax (IHT) has affected more and more families, largely due to rising house prices. IHT is payable at 40 per cent on the net assets of an estate where these exceed £325,000 – the current 2019/20 nil-rate band....
  • Paying For a Permanent Home Care Place Many people, as they grow older, worry about where they will live if they are no longer able to manage in their own home. For some, the need will arise for nursing home or residential care. The cost of care varies greatly, depending on the kind of care...
  • Pension Flexibility - Basics   There has been a great deal of publicity about recent changes in the law relating to pensions and their uses. The changes are comprehensive and change the tax position significantly and also the uses which can be made of pension funds. With...
  • Putting Cash into a Family Business When younger members of a family start a business, they often ask other family members to provide part of the necessary capital. If you are approached to do this and are willing to provide funding, it is often difficult to know how best to provide the cash....
  • Should I Buy To Let? Property prices have risen substantially for many years in the UK, with the occasional drop in values in times of recession. The long-term reliability of property investment (which, of course is not a guarantee of future price growth) plus the negligible...
  • Unlocking Your Equity - the Choices There is a bewildering variety of equity release schemes on the market and, judging by the letters pages of the financial press, they are not well understood. Releasing equity in a house can be an effective way of supplementing your income or releasing spare...
  • Warning for Holders of US Assets If you hold assets in the USA, you should be aware of an issue that has started to arise in estates in which there are US shareholdings, especially where these are managed by brokers in the US. The US Internal Revenue Service (IRS) requires that any estate...
  • What Happens on Intestacy?In spite of the best endeavours of the legal profession, as well as frequent blandishments in the press, a surprising proportion of people still die without having made a will. Some people, no doubt, think that provided there is no liability for Inheritance...
  • What is Taxable? With the Government seeing fit to make HM Revenue and Customs a payer of benefits (pension credit etc.) as well as a collector of taxes, it is no wonder that people are becoming confused as to which sources of income are taxable and which are not. It is...

Library

  • Legal News
  • Family and Matrimonial
  • Residential Property
  • Tax and Financial Planning
  • Trust, Wills and Probate
  • General Private Client

Latest News

Performance of Employment Contract 'Tainted by Illegality' - Cautionary Tale

2022-07-01 00:00
Read more

Double Taxation Treaties - Wealthy South African Relieved of £10 Million Bill

2022-06-13 00:00
Read more

What are the Tax Implications of Settling an Employment Tribunal Claim?

2022-05-20 00:00
Read more

Private Dog Grooming Tutor Denied VAT Exemption

2022-05-03 00:00
Read more

Donating Shares to Charity - Tax Tribunal Resolves Valuation Impasse

2022-04-11 00:00
Read more
  • Page 1 of 10
  • Next
  • Request a Call Back
  • Pay us Online
  • Send us an Email
  • What our Clients Say
  • facebook
  • linkedin

Follow us on

Peter Peter & Wright Solicitors, Fore Street, Holsworthy, Devon, EX22 6ED 01409 253262 ❘ Offices in: Bideford, Bude, Holsworthy, Okehampton © Peter Peter & Wright Solicitors. All rights reserved. Peter Peter & Wright Solicitors is authorised and regulated by the Solicitors Regulation Authority SRA Number: 00059246. The SRA Code of Conduct can be found at www.sra.org.uk

  • Accessibility
  • Legal Disclaimer
  • Privacy Policy
  • Cookie Policy
  • Sitemap
Close

Our Cookie Policy

On - you agreed to accept cookies from this website - thank you.

On - you disabled cookies on this website - some functions will not operate as intended.

We use a range of cookies to improve your experience of our site. Find out more.

  • Disable
  • Accept
unspecified
  • Search site

  • Contact our offices

      • Bideford
        • 01237 472233
      • Bude
        • 01288 352101
      • Holsworthy
        • 01409 253262
      • Okehampton
        • 01837 52379
  • Make an enquiry