Inheritance tax (IHT) threshold unchanged at £325,000. Many commentators had expected an increase in the Nil Rate Band, but this speculation was unfounded.
VCTs and EIS will no longer be able to invest in a company that is more than 12 years old, except where the investment will lead to a substantial change in the company's activity, or where where the total investment represents more than 50 per cent of turnover averaged over the preceding five years.
When new pension freedoms are introduced next month in April 2015, many clients are considering the merits of withdrawing cash from pensions to buy residential property to let, as an alternative to the traditional option of buying a pension annuity.
On Tuesday 24 February, the FTSE 100 reached a record high, closing at 6950.
We are delighted to announce that as part of our continued growth, Bryony Noad has joined our team as a graduate trainee.