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Murray Beith Murray is a leading Scottish private client law firm.

For over 170 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.

Budget 2020 - Dramatic change to Pension Contribution Allowance

david windram

In the lead up to the 2020 Budget it had been rumoured that changes to the current Pension Tapering Allowance rules would be announced.  However, it was unknown whether this would be a change increasing the tapering thresholds or reducing the thresholds.  In a move that Rishi Sunak advised would positively impact hundreds of thousands of higher earners, in particular senior medical professionals, the respective thresholds were increased by £90,000 from 6 April 2020.

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238 Hits

Tax efficient ways of gifting to charities during the COVID-19 pandemic

david windram

As the impact of the COVID-19 pandemic reaches into almost every aspect of our lives, the demand on many charity services are seeing an unprecedented rise and funding has never been more important.  You may be considering how you can help a cause which is important to you, at this time, and this blog considers how you can donate in ways that are tax efficient to you, and which can benefit your chosen charity also. 

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271 Hits

Mortgage Interest Relief - Going, Going, Gone!

david windram

The end of the current tax year will see the phasing out period finalised in respect of relief for mortgage interest on rental profits.  

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307 Hits

It is not too late to carry out tax planning in the current tax year

david windram

As the end of the current tax year approaches now is a good time to review your tax and financial position. Making use of available allowances and exemptions could potentially avoid unnecessary tax payments. There are a number of options to mitigate your exposure to tax and some of these may be applicable to your individual circumstances.  

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376 Hits

Charitable Donations – Gift Aid v Share Aid

david windram

With less than a month until the end of the 2018/19 tax year the annual rush of frantic tax planning is well underway for many individuals. One of the lesser known, but highly advantageous, tax reliefs available to individual taxpayers comes in the form of Share Aid.

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572 Hits

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