DEB Business Blog

Wills: Who, What, When, Why & How

If you have not yet made a Will then it is very important that you seriously consider rectifying this.  A Will is essential if you are to minimise your Inheritance Tax (IHT) liability, ensure that your assets are distributed as you desire, and make sure that all your...

Do You Know #5 – Business Journeys

You can only claim tax relief on business journeys and not on ordinary commuting.  Ordinary commuting is travel between your home and your permanent workplace.   This usually is  the place where you work.  However, you can claim for travel between two workplaces, say...

Do You Know #3 – Roll Over Relief

If you sell certain assets used in a trade this may give rise to a Capital Gains Tax liability.  However there is a relief that is available to reduce the amount payable so long as the sale proceeds are reinvested in replacement business assets.  Where the whole of...

Where there’s a Will there’s a way

It is staggering that a large majority of people do not have a Will.  Yet if they own such possessions as a home, car, investments, a business, jewellery, works of art, or any items of value then they really do need a will. A will enables you to decide to whom you...

Can You Afford To Die ?

Now that the Conservative Party are in power they have conveniently forgot their manifesto promise to increase the nil rate band exemption for Inheritance Tax (IHT) to £1,000,000.  Instead they have fallen in line with the Labour freeze on the current amount of...