August 2015 - Charterbridge


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Monthly Archives: August 2015

Financial News Roundup August 2015

  Financial News Roundup 12/08/2015 Buyers win from lower stamp duty. The Financial Times reported data from Nationwide showing that 235,000 property buyers saved over £275 million in stamp duty on purchases since December 2014 when the stamp duty rates changed.  While 85% of transactions in London and the South East benefited from the changes, […]

Pension Input Period changes explained

PENSION INPUT PERIOD ALIGNMENT Changes announced in the Summer Budget (2015) had an immediate impact on PIPs The Summer Budget made some changes to the Annual Allowance for those with earnings in excess of £150,000 with effect from April 2016.  However, in order to bring this in at the beginning of the new tax year […]

Property in Europe? – New EU Cross-Border Rules.

EU SUCCESSION REGULATION – NEW CROSS-BORDER RULES   The EU Regulation No 650/212 will come into force on 17 August 2015. It affects individuals with property in more than one EU state and aims to harmonise succession rules across the Member States. Although the Succession Regulation (commonly known as Brussels IV) was passed in 2012, […]

Cap on Long Term Care Costs Delayed until 2020…

PROMISED CAP ON CARE COSTS DELAYED UNTIL 2020   The Government has announced that it will be delaying its flagship policy to cap social care costs under the Care Act 2014 until April 2020 due to funding concerns. Government plans to introduce a £72,000 cap, on the amount self-funders would have to contribute to their […]

Inheritance Tax – Budget Update August 2015

A DETAILED CONSIDERATION OF THE NEW RESIDENCE NIL RATE   The Summer Finance Bill, which was published on 12 July, includes legislation to implement the new residence nil rate band announced at Summer Budget 2015. This is an addition to the standard nil rate band of £325,000. This bulletin takes a detailed look at the […]