As the dust begins to settle on last week’s Budget and the initial flurry of headlines subsides, we can breathe a sigh of relief that for now, we know the direction of travel on tax policy. As such, we expect
More about In Trust – December 2025Individual homeowners High value council tax surcharge The new high value council tax surcharge (the surcharge) is less severe than many of us expected from a long feared “mansion tax”, but it will still have a significant impact on those
More about Budget 2025 and residential property: time to assessAmendments made to the International Tax Compliance Regulations 2025 have resulted in a new mandatory registration requirement for trusts that are defined as “financial institutions” (FI) or “trustee-documented trusts” (TDT) for international tax information exchange purposes, with existing affected trusts
More about Trust compliance update: new HMRC mandatory registration rulesThe Chancellor, Rachel Reeves, used her highly anticipated Budget on 26 November 2025 to announce that the £1 million allowance for agricultural property relief (APR) and business property relief (BPR) will be transferable between spouses and civil partners with effect
More about Budget 2025: Chancellor announces transferability of agricultural property relief and business property reliefWhile perhaps not as bad as was feared, the announcements confirmed today, from the “high value council tax surcharge” to income tax rate hikes for property, dividend and savings income, will shape decisions for families, trustees, and investors over the
More about Budget 2025: an end to the speculationWith the UK facing economic headwinds and political recalibration, all eyes are on Chancellor Rachel Reeves as she prepares to deliver the Autumn Budget on 26 November 2025. Her pre-Budget statement this week, referencing “necessary choices,” has further fuelled speculation
More about In Trust – November 2025With the UK facing a fiscal shortfall estimated at between £25 and £30 billion, the government is under pressure to raise revenue through tax rises and spending cuts. Reeves’ reference to “necessary choices” in her unprecedented pre-Budget statement on 4
More about Autumn Budget 2025: speculation mounts over personal tax reformsWhilst further regulations are eagerly awaited to bring the Act into force, it is vital that landlords are prepared for the changes. To assist landlords, we’ve outlined the key changes in the summary below. Existing tenancy agreements and new tenancy
More about Renters’ Rights Act 2025 – what landlords need to knowA new threshold for BPR From April, 100% BPR relief will be capped at £1 million. Any qualifying assets above this threshold will receive only 50% relief, resulting in an effective IHT rate of 20% on the excess. This will
More about Business Property Relief restrictions – Inheritance Tax planning with art and heritage assetsAs we move through the 2025/26 tax year, this edition arrives at a pivotal moment for estate planning and wealth structuring. The government has confirmed significant reforms to the inheritance tax reliefs for agricultural property and business property, due to
More about In Trust – September 2025