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Summer 2017


After the unexpected results of the snap election, hopes for more settled months ahead may have been premature. Uncertainty still hangs in the air with the pundits speculating about a leadership contest for the Conservatives and even another general election later in the year. The Queen’s Speech has been pushed back while negotiations continue on setting up the ‘coalition’, but the Chancellor Philip Hammond has stayed in post. So while the 2017/18 tax year is proving tricky to plan for, there are always useful avenues to explore.

Our feature this edition is Budget tax changes: set for a comeback? The few surprises contained in the spring Budget largely became casualties of the bigger surprise of the snap election. But we are likely now to see them return.

Our other stories include:

    • The ISA family grows again The Lifetime ISA was launched on 6 April and is an important addition to the ISA family.
    • The residence nil rate band – not all it seems The inheritance tax residence nil rate band is now available and will potentially cut the inheritance tax bill on your estate by £40,000.
    • Diversifying your investments How can you arrange your investments to cope with future uncertainty?

We hope you find the contents of this newsletter useful and informative and, as always, let us know if you think you may be affected by any of the topics in this edition.

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