With wedding season fast approaching, the Institute of Chartered Accountants in England and Wales is reminding guests of the tax relief available if they choose to make a gift to a married couple.
A number of changes relating to the way that tax credit overpayments are dealt with have come into force from 6 April 2016.
70% of grandparents are planning on leaving an inheritance to their grandchildren, while 55% will ring fence the money to ensure it is passed on, according to research by SunLife.
The 3% higher rate stamp duty land tax on second homes and buy-to-lets coming into effect 1 April 2016 could adversely impact parents buying jointly with their children to help them into the housing market.
Taxpayers will have difficulty understanding the tax-free savings allowance which is being introduced from 6 April 2016, according to the Low Incomes Tax Reform Group.
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