Dividends fall by over 50% as perfect storm makes landfall

A perfect storm has caused a drop in share dividends

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. It looked at the dividend payments from UK listed companies in the second quarter of…

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Wills – Inheritance disputes increase by almost 50 per cent

Legal disputes about wills are on the increase

More arguments about wills and inheritance 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 50% over the previous year. In practice that figure almost certainly understates quite…

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Summer stamp duty changes may raise tax questions

Stamp duty changes may have tax implications for buy to let investors

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 stamp duty land tax (SDLT) in England and Northern Ireland from £125,000 to £500,000 until…

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Capital gains tax comes under review

Capital Gains Tax may be reviewed by the UK Government

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 gains tax (CGT) and aspects of the taxation of chargeable gains in relation to individuals…

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The ISA – So much cash, so little interest…

The ISA, the individual savings account is waning in popularity according to official statistics

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 some surprising – and not so surprising – facts about ISAs: Overall ISA subscriptions in…

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