Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Helping your Children onto the Property Ladder
4 Options Available: Giving a gift of cash Buying a property together Setting up a trust Buying through a company Giving a Gift of Cash You can make a gift to your child which if unconditional, is free from tax at the point of transfer. This will allow your child to...
Team Success at Greenstead Green Agricultural Club Quiz Night
Lambert Chapman again put in a team to represent the Firm in the annual quiz run by the Club. The event took place at the Bocking Social Club on 16 January 2019. With many of the regular members of the Lambert Chapman Quiz Team unavailable, there was a chance for Dan...
Top Tips for Cutting Inheritance Tax (IHT)
With property values going up and more ways to save tax efficiently, the value of Estates continue to grow. Lambert Chapman’s top tips for cutting Inheritance Tax (IHT) are: Make Tax Exempt Gifts Pay £250 to anyone under the Small Gifts Exemption and Up to £3,000 in...
Loan Charges on Employee Benefit Trusts
Have you or your Employer set up or been involved with an Employee Benefit Trust? Are you aware that the new Loan Charge comes into effect shortly? This charge is due where the employment related Trust has made a loan to an individual at any time after April 1999. ...
A Client Testimonial to Shout About
In an era where we are told that obtaining testimonials from clients is important so that we can share them on our websites and social media, it is very satisfying to receive one which has not actually been requested from a grateful client. Such an event happened to...
Cryptoassets and the Tax System
It has been some time since HMRC last published any information about Cryptoassets (previously known as Cryptocurrency or the common version of Bitcoin) but they have been working hard to provide an update to their final report issued in October 2018. On 19 December...
Making Tax Digital: The Countdown is on…
Are you ready? We commenced seminars for clients back in 2017 and since that time there have been changes to the original Making Tax Digital (MTD) rules. To start with, they are now only being implemented to affect VAT reporting. Lambert Chapman LLP have been...
The Problem with Child Benefit…
We are well aware of the charge on high earners for the Child Benefit allowance which has been in place since 2013. This means that those earning over the £50,000 have a charge which means that the benefit is completely lost for those earning more than £60,000....
Marathon Mark
I'm in! I am over the moon that the Helen Rollason Cancer Charity accepted my application to run for them in 2019. I have entered the public ballot every year and have never been successful. I always said I would run a full distance marathon before I turned 30, but...
Pensions – planning for your future or planning for now?
We are all aware that putting money into a pension enables us to save for our future retirement but have you considered the savings that are available now? Each year, we all have up to £40,000 of annual allowance for pension contributions. If you are an employee,...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
