The Chancellor’s Winter Economy Plan

The latest pandemic support measures are much less generous than before. As the country braced for dealing with further localized outbreaks of Covid-19, the Chancellor made an early autumn appearance before the House of Commons to announce his ‘Winter Economy … Continue reading

Nurture Autumn 2020

Welcome to the Autumn edition of our newsletter

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Another Autumn Budget deferred

After heavy hinting from the Treasury for some weeks, the expected Autumn Budget has been pushed into spring 2021. Since the March Budget and through to August, the expectation was that the Chancellor, Rishi Sunak, would introduce his second Budget … Continue reading

Global dividends fall less than in the UK

Dividends paid by overseas companies fell less sharply than their UK counterparts in the second quarter of the year. Source: Janus Henderson The impact of the Covid-19 pandemic on corporate dividends has been dramatic in the UK. Total dividend payments … Continue reading

Pensions, transfers, death benefits and inheritance tax

The Supreme Court has handed down a long-awaited decision on a complex case. Mrs Staveley died in December 2006, but it was only in August 2020 that the Supreme Court settled the question of the extent of any inheritance tax … Continue reading

Who pays capital gains tax?

HMRC has published some interesting research into capital gains tax (CGT). Here are three CGT questions for you to ponder: How many individuals made enough capital gains in 2018/19 to face a CGT bill? The answer is just 256,000, according … Continue reading

A new season, a new Budget

As autumn arrives, the next Budget is not far away. 2020 will see something that normally only occurs when an election is imminent: two Budgets in one calendar year. The last Budget, on 11 March, now belongs to a different … Continue reading

Dividends fall by over 50%

Dividends paid by UK companies dropped dramatically in the second quarter of the year. The impact of the Covid-19 pandemic on dividend payments has been highlighted by recent research from Link Asset Services, one of the leading UK company registrars. … Continue reading

Capital gains tax comes under review

The Chancellor has asked the Office of Tax Simplification to review capital gains tax. Within a week of giving his Summer Statement, the Chancellor wrote to the Office of Tax Simplification (OTS) asking it to “undertake a review of capital … Continue reading

Inheritance disputes

More arguments about wills are reaching the High Court. A recent report from the Ministry of Justice revealed that, last year in England and Wales, 188 cases involving contested wills were heard in the High Court, an increase of nearly … Continue reading

So much cash, so little interest…

The latest statistics on ISAs have emerged, showing nearly £270bn is held in cash. Individual Savings Accounts (ISAs) reached their 20th birthday in April last year. Somewhat belatedly, HMRC has now issued ISA statistics up to April 2019. These reveal … Continue reading

Summer stamp duty changes

The Chancellor’s Summer Statement introduced temporary changes in stamp duty land tax on homes, which prompted similar – but not identical – changes in Scotland and Wales. In his Statement on 8 July, the Chancellor raised the starting point for … Continue reading

Bounce back quarter

The second quarter of 2020 saw a substantial switch back from the falls of the first quarter. Index 2020 Q2 Change FTSE 100 +8.8% FTSE All-Share +9.8% Dow Jones Industrial +16.4% Standard & Poor’s 500 +21.8% Nikkei 225 +17.8% Euro … Continue reading

Accumulated runs: two tricky hundreds

The cricket season may only now be slowly getting underway, but May saw the Chancellor score two centuries which, in different times, would have deeply worried investors. Every month the Office for National Statistics (ONS) publishes a detailed summary of … Continue reading