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VAT on repairs and alterations to listed buildings

Posted by Kevin Russell

Budget 2012 announced a proposal to remove VAT Zero Rating from approved alterations to listed buildings, many of which are churches. The main target of this measure must be people that live in homes that are also listed buildings who, for example, install a swimming pool in their home and have the work zero rated purely because their house is listed.

23 May 2012 | Comments (1)

new inheritance tax charity relief

Posted by Kevin Russell

A reminder that the new reduced rate of Inheritance Tax is now in force. It applies to deaths occurring after 5 April 2012. Where more than 10% of the net estate is given to charity, the rate of tax applying to the rest of the estate is reduced from 40% to 36%. Charitable gifts are of course tax exempt.

23 May 2012 | Comments (2)

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