Personal tax

Many grandparents planning on passing inheritance to grandchildren

70% of grandparents are planning on leaving an inheritance to their grandchildren, while 55% will ring fence the money to ensure it is passed on, according to research by SunLife.

Stamp duty tax changes concern for joint buyers

The 3% higher rate stamp duty land tax on second homes and buy-to-lets coming into effect 1 April 2016 could adversely impact parents buying jointly with their children to help them into the housing market.

Personal savings allowance difficult to understand

Taxpayers will have difficulty understanding the tax-free savings allowance which is being introduced from 6 April 2016, according to the Low Incomes Tax Reform Group.

Peer-to-peer lending at record high in 2015

Peer-to-peer lending growth reached more than £2.2 billion in 2015, according to figures by Peer-to-Peer Finance Association.

Insolvencies continued to fall in 2015

The number of people being declared insolvent was at its lowest level for a decade, according to the Insolvency Service show.

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