Wealthy investors are turning to fine art for tax efficiency, inheritance planning, and stable returns, with structures like trusts and cultural gifting offering strategic advantages.
Category: Finance
Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
Families face red tape nightmare with inheritance tax on pensions from 2027
From April 2027, pensions will be included in inheritance tax calculations, raising £1.46bn annually but sparking backlash over added bureaucracy and burden on bereaved families.
Inheritance tax haul hits £2.2bn in just three months amid rising property prices and frozen thresholds
HM Revenue and Customs (HMRC) collected a staggering £2.2 billion in inheritance tax (IHT) in the first three months of the current tax year, new data released this morning reveals—£100 million more than the same period last year.
New ‘buy now, pay later’ affordability checks may cover even smallest loans under FCA proposals
FCA proposes new rules requiring affordability checks on even the smallest ‘buy now, pay later’ loans, aiming to protect vulnerable borrowers as the market hits £13bn.
Wimbledon winners face £1m UK tax bills despite non-resident status
Wimbledon winners Jannik Sinner and Iga Swiatek face UK tax bills exceeding £1 million each, despite being non-residents, due to HMRC rules on sports earnings and image rights.
Reeves to cut cash ISA allowance in push to revive UK capital markets
Chancellor Rachel Reeves is expected to cut the cash ISA allowance to encourage investment in UK equities, prompting backlash from savings providers and finance experts.
FCA to allow millions free financial support in major policy shift
Millions of consumers will be offered free, tailored financial support from banks and pension providers under sweeping new proposals from the City regulator, in a bid to steer people away from risky online advice and poor money decisions.
Sweet or taxable? M&S strawberry sandwich sparks new VAT debate
Marks & Spencer’s new strawberry and cream sandwich has captured attention on social media — but now it’s caught the eye of tax experts, too.
Inheritance‑tax take hits £1.5bn in two months as flight of non‑doms casts doubt on future revenues
Inheritance‑tax receipts reached £1.5 billion in April and May, the first two months of the 2025‑26 tax year, HM Revenue & Customs revealed on Thursday.
Rachel Reeves reconsiders non-dom tax changes to halt exodus of wealthy individuals
Chancellor Rachel Reeves is considering softening Labour’s flagship plans to scrap the non-domiciled tax regime, amid rising concern over the growing exodus of wealthy individuals and business leaders from the UK.
SME lending delays slashed by 80% thanks to fintech-driven back-office reform
UK fintech innovation is transforming SME finance. Community lender BCRS cuts loan processing times by 80%, showing how digital back-office reform boosts small business access to funding.
HMRC inheritance tax investigations surge 37% as treasury seeks to plug revenue gap
Families face mounting pressure as HMRC inheritance tax investigations rise 37% in a year. Find out what triggers a probe and how to stay compliant.
HMRC launches crypto crackdown with new data-sharing rules for platforms and traders
Millions of UK cryptocurrency holders will soon be required to disclose their personal details to digital asset platforms, as HM Revenue & Customs (HMRC) rolls out a sweeping new crackdown on tax avoidance in the sector.
‘Not pension piggybanks’: experts warn millions of savers at risk under government reform plans
Pension campaigners and financial experts have issued a stark warning to ministers over proposed changes that could allow employers to extract surplus cash from retirement schemes — and grant government powers to direct pension fund investment into UK assets.
Pensions at risk as HMRC eyes salary sacrifice schemes in Autumn Budget
Pensions tax relief may be in the firing line in the upcoming Autumn Budget, with growing concern among financial experts that HMRC is targeting popular salary sacrifice schemes as a way to raise revenue.
