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Latest News - Richard Mannion

The Tax Doctor: UK residence test is key to Dubai expat’s tax status

UK citizen Jennifer works in Dubai but wants to return frequently to the UK. The statutory residence test will hold the key to her tax position, says Richard Mannion of Smith & Williamson.

The Tax Doctor: Spread wealth around family to head off taxman

Higher rate tax payer Simon, who has a lump sum of £250,000, could maximise his pension contributions and pay into his non-earning wife’s pension, or a trust or ISA for his children, write Amanda Bear and Richard Mannion of Smith & Williamson.

The Tax Doctor: Timing is key to limiting liabilities in divorce plan

As divorce proceedings begin, Arthur and Susan are hoping to limit further heartache over the tax implications of dividing up their properties and Arthur’s pension. Richard Mannion of Smith & Williamson gives his diagnosis.

The Tax Doctor: Working for the family firm can reduce CGT on a sale

The managing director of a family firm can cut his parents’ capital gains tax bill on the sale of shares by appointing them as officers or employees for 12 months before the sale, writes Richard Mannion of Smith & Williamson.

The Tax Doctor: Couple’s asset switch helps to lower tax bill

Making a declaration of unequal beneficial interest and transferring business assets to a lower earning spouse can ease the burden on a higher rate tax payer, writes Richard Mannion of Smith & Williamson.

The Tax Doctor: Multiple strategies for probate-IHT conundrum

Executors’ personal burden of paying IHT liable on an estate before probate is granted can be reduced through HMRC’s direct payment scheme or paying in instalments, writes Richard Mannion of Smith & Williamson

The Tax Doctor tackles a non-dom conundrum

Non-domiciled residents who are liable for UK taxes can reduce the amount they pay on funds they bring into the country if they are investing in businesses that qualify for relief, writes Smith & Williamson's Richard Mannion.

Tax Doctor: How can I qualify for the reduced IHT rate?

Increasing charitable legacies connected to a will can help trigger the reduced inheritance tax rate, benefitting both the inheritors and the charities, writes Richard Mannion of Smith & Williamson.

Why not to rely on the PAYE system to calculate tax

There is little chance that HMRC’s tax coding system will calculate people’s liability correctly and the best advice is for your clients to take responsibility for their own tax affairs, says Richard Mannion of Smith & Williamson.