The Residence Nil Rate Band – The Residence Nil Rate Band Tax Factsheet Click here to view The Residence Nil Rate Band Factsheet The residence nil rate band was introduced in April 2017 as an additional allowance available to estates on death where there is a qualifying property that is ‘closely inherited’. This factsheet looks … Continued
Setting up a Trust – Setting up a Trust Factsheet Click here to view Setting up a Trust Factsheet A family trust can provide a great vehicle for protecting and managing family assets whilst allowing the transfer of wealth to younger or future generations. What Is A Trust? A trust is a legal arrangement whereby … Continued
Pension Contributions and Tax Relief – Pension Contributions and Tax Relief Factsheet Click here to view Pension Contributions and Tax Relief Factsheet Contributing to a pension scheme allows you to make plans for retirement and ensure your income meets your future needs, it can also provide a valuable source of tax relief. This factsheet looks … Continued
Family Investment Company – Family Investment Companies Tax Factsheet Click here to view Family Investment Companies Factsheet A family investment company (“FIC”) is a bespoke, tax-efficient structure which can be used in succession planning as an alternative to traditional family trusts. The arrangement enables family wealth to accumulate and be passed on to future generations, … Continued
Renting a UK Property – UK Property Rental Tax Factsheet Click here to view UK Property Rental Factsheet An individual letting a UK rental property pays income tax on their net rental profits at their marginal rates, this can be up to 45% for additional rate taxpayers. Key facts From April 2017, landlords will automatically … Continued
Wills and Lasting Power of Attorney – Wills & Intestacy Tax Factsheet Click here to view Wills & Intestacy Factsheet Why Make a Will? Making a Will allows you to make clear what your wishes are in terms of your money, property and personal possessions when you die. It should set out how you wish … Continued
Death Benefits and Tax Factsheet Click here to view Death Benefits and Tax Factsheet Major changes to the tax charge on death benefits came into force in April 2015, the changes and new charges are explained in this factsheet. Changes to Tax Treatment April 2015 saw the government bring about major changes in not only … Continued
Enterprise Investment Scheme – Tax Factsheet Click here to view Enterprise Investment Scheme Factsheet What is EIS? The enterprise investment scheme (EIS) was established in the 90’s to encourage investment by private investors in small, unquoted trading companies. The scheme is largely focused on assisting small companies to raise finance at the outset by offering … Continued
Accessing Your Pension Pot – Tax Factsheet Click here to view Accessing your pension pot Factsheet The Basics For defined contribution (DC) schemes, the minimum age to access your pension pot is 55 and this applies to anyone regardless of whether they intend to retire, work part-time or full time. How an individual accesses their … Continued
Dow Schofield Watts advised Warrington-based procurement outsourcing service company Inprova Group on its acquisition of an energy consultancy in West Sussex. Energy & Carbon Management (E&CM), which operates out of Horsham, provides energy broker and consultancy services such as commercial gas and electricity procurement, energy risk management and consumption measurement and analysis. The transaction was … Continued
Independent advisory firm Dow Schofield Watts, has appointed Judith Cope as its new Group Financial Controller to support its continued expansion. Judith has over 15 years’ experience in finance. A qualified accountant, she started her career in audit with PKF and most recently was Finance Manager with Greenacres Group, a woodland burial park business which … Continued
Dow Schofield Watts’ technology team advised Azzure IT, one of the North’s fastest growing small tech firms, on its £2m fundraising from NPIF – Mercia Equity Finance, part of the Northern Powerhouse Investment Fund. The deal is the single largest investment by the Fund since its launch in February last year. Sheffield-based Azzure IT helps … Continued
Click here to view FIC Factsheet
Click here to view Trust Factsheet
The North’s leading independent advisory firm, Dow Schofield Watts, is celebrating another record year, with a 38% rise in the volume of deals it advised on. The firm’s corporate finance and transaction services teams advised on 58 deals worth £839m in 2017, compared to 42 deals worth over £773m in the previous year. During the year Dow Schofield Watts also launched its own international network of corporate finance advisers … Continued