Money Tips Daily by Charles Kelly, former IFA and author of

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Money Tips Daily by Charles Kelly, former IFA and author of Podcast

Become a Paid Subscriber: https://podcasters.spotify.com/pod/show/charles-kelly/subscribe Enjoy exclusive content and bonses when you become a Money Tips supporter. Money Tips Daily is a daily podcast brought to you by the author of Yes, Money Can Buy You Happiness, published on Amazon. Money Tips Daily helps you save, earn, invest and enjoy more money! https://anchor.fm/charles-kelly/subscribe

  1. 5 DAYS AGO

    Labour Hint Of Wealth Tax, Higher Inheritance and Capital Gains Taxes In “Painful” October Budget

    Prime Minister Sir Kier Starmer and Chancellor Rachel Reeves say “thing will get worse”, and refuse to rule out a “painful” October Budget.   Concerns over potential tax hikes, as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax, are already causing an exodus of the rich.   Watch full video version -  https://youtu.be/P0WTdbIAuks   The prospect of higher taxes under a Labour government is causing unease among property owners and investors alike.   Inheritance Tax is a particular area of concern, as Labour has suggested that the current threshold could be lowered, increasing the tax burden on estates. Currently, IHT is levied at 40% on estates worth over £325,000, but this could change, leading to more families being caught in the tax net.   Capital Gains Tax is also on Labour’s radar, with proposals to align CGT rates more closely with income tax rates. This could see higher earners paying significantly more on profits from property sales, stocks, and other investments.   Additionally, Labour’s discussions around a potential wealth tax are causing further anxiety. Such a tax would target the richest individuals, potentially impacting those with significant property holdings, investments, and savings.   As the political landscape evolves, investors and property owners are advised to stay informed and consider their options carefully. Whether you're thinking of selling, buying, or holding onto your assets, understanding how these potential tax changes could affect you is crucial.   How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?   The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.   Watch video version - https://youtu.be/Wx1HXgVW1bM   Section 24 Landlord Tax Hike   Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.   Email charles@charleskelly.net for a free consultation on how to deal with Section 24.   Watch video now: https://youtu.be/aMuGs_ek17s   For more insights into how to navigate these uncertain times, keep an eye on market trends and consult with a financial advisor to plan effectively for the future.   #PropertyMarket #TaxChanges #InheritanceTax #CapitalGainsTax #WealthTax #LabourParty #UKProperty #FinancialPlanning #equityrelease #section24tax #kierstarmer #finances #moneytraining

    13 min

  2. 5 DAYS AGO

    Labour Hint Of Wealth Tax, Higher Inheritance and Capital Gains Taxes In “Painful” October Budget

    Prime Minister Sir Kier Starmer and Chancellor Rachel Reeves say “thing will get worse”, and refuse to rule out a “painful” October Budget.   Concerns over potential tax hikes, as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax, are already causing an exodus of the rich.   Watch full video version -  https://youtu.be/P0WTdbIAuks   The prospect of higher taxes under a Labour government is causing unease among property owners and investors alike.   Inheritance Tax is a particular area of concern, as Labour has suggested that the current threshold could be lowered, increasing the tax burden on estates. Currently, IHT is levied at 40% on estates worth over £325,000, but this could change, leading to more families being caught in the tax net.   Capital Gains Tax is also on Labour’s radar, with proposals to align CGT rates more closely with income tax rates. This could see higher earners paying significantly more on profits from property sales, stocks, and other investments.   Additionally, Labour’s discussions around a potential wealth tax are causing further anxiety. Such a tax would target the richest individuals, potentially impacting those with significant property holdings, investments, and savings.   As the political landscape evolves, investors and property owners are advised to stay informed and consider their options carefully. Whether you're thinking of selling, buying, or holding onto your assets, understanding how these potential tax changes could affect you is crucial.   How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?   The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.   Watch video version - https://youtu.be/Wx1HXgVW1bM   Section 24 Landlord Tax Hike   Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.   Email charles@charleskelly.net for a free consultation on how to deal with Section 24.   Watch video now: https://youtu.be/aMuGs_ek17s   For more insights into how to navigate these uncertain times, keep an eye on market trends and consult with a financial advisor to plan effectively for the future.   #PropertyMarket #TaxChanges #InheritanceTax #CapitalGainsTax #WealthTax #LabourParty #UKProperty #FinancialPlanning #equityrelease #section24tax #kierstarmer #finances #moneytraining

    13 min

  3. 30 AUG

    New Property Listings Rise 14% On Last Year As Labour Warns of Future Tax Increases

    Prime Minister Kier Starmer says “thing will get worse”, warning of a “painful” October Budget.   The UK property market is showing signs of resilience with a 14% increase in new property listings compared to last year. However, the optimism is being tempered by concerns over potential tax hikes as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax.   The surge in property listings can be attributed to homeowners looking to capitalize on the current market conditions before any potential tax changes come into effect. With interest rates remaining relatively low and demand for housing still strong, many are taking the opportunity to sell. However, the prospect of higher taxes under a potential Labour government is causing unease among property owners and investors alike.   Inheritance Tax is a particular area of concern, as Labour has suggested that the current threshold could be lowered, increasing the tax burden on estates. Currently, IHT is levied at 40% on estates worth over £325,000, but this could change, leading to more families being caught in the tax net.   Capital Gains Tax is also on Labour’s radar, with proposals to align CGT rates more closely with income tax rates. This could see higher earners paying significantly more on profits from property sales, stocks, and other investments.   Additionally, Labour’s discussions around a potential wealth tax are causing further anxiety. Such a tax would target the richest individuals, potentially impacting those with significant property holdings, investments, and savings.   As the political landscape evolves, property owners are advised to stay informed and consider their options carefully. Whether you're thinking of selling, buying, or holding onto your assets, understanding how these potential tax changes could affect you is crucial.   How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?   The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.   Watch video version - https://youtu.be/Wx1HXgVW1bM   Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.   Email charles@charleskelly.net for a free consultation on how to deal with Section 24.   Watch video now: https://youtu.be/aMuGs_ek17s     For more insights into how to navigate these uncertain times, keep an eye on market trends and consult with a financial advisor to plan effectively for the future. #PropertyMarket #TaxChanges #InheritanceTax #CapitalGainsTax #WealthTax #LabourParty #UKProperty #FinancialPlanning #equityrelease #section24tax #kierstarmer #finances #moneytraining

    13 min

  4. 30 AUG

    New Property Listings Rise 14% On Last Year As Labour Warns of Future Tax Increases

    Prime Minister Kier Starmer says “thing will get worse”, warning of a “painful” October Budget.   The UK property market is showing signs of resilience with a 14% increase in new property listings compared to last year. However, the optimism is being tempered by concerns over potential tax hikes as the Labour Party hints at plans to raise Inheritance Tax (IHT), Capital Gains Tax (CGT), and even introduce a wealth tax.   The surge in property listings can be attributed to homeowners looking to capitalize on the current market conditions before any potential tax changes come into effect. With interest rates remaining relatively low and demand for housing still strong, many are taking the opportunity to sell. However, the prospect of higher taxes under a potential Labour government is causing unease among property owners and investors alike.   Inheritance Tax is a particular area of concern, as Labour has suggested that the current threshold could be lowered, increasing the tax burden on estates. Currently, IHT is levied at 40% on estates worth over £325,000, but this could change, leading to more families being caught in the tax net.   Capital Gains Tax is also on Labour’s radar, with proposals to align CGT rates more closely with income tax rates. This could see higher earners paying significantly more on profits from property sales, stocks, and other investments.   Additionally, Labour’s discussions around a potential wealth tax are causing further anxiety. Such a tax would target the richest individuals, potentially impacting those with significant property holdings, investments, and savings.   As the political landscape evolves, property owners are advised to stay informed and consider their options carefully. Whether you're thinking of selling, buying, or holding onto your assets, understanding how these potential tax changes could affect you is crucial.   How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords?   The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively.   Watch video version - https://youtu.be/Wx1HXgVW1bM   Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.   Email charles@charleskelly.net for a free consultation on how to deal with Section 24.   Watch video now: https://youtu.be/aMuGs_ek17s     For more insights into how to navigate these uncertain times, keep an eye on market trends and consult with a financial advisor to plan effectively for the future. #PropertyMarket #TaxChanges #InheritanceTax #CapitalGainsTax #WealthTax #LabourParty #UKProperty #FinancialPlanning #equityrelease #section24tax #kierstarmer #finances #moneytraining

    13 min

  5. 23 AUG

    New Property Buyer Enquiries Surge Following Mortgage Rate Cuts

    Housing Market Bounces Back Following Interest Rate Cuts Rightmove Reports. New buyer enquiries rise according to Rightmove and Zoopla, as mortgage rates fall. Watch video podcast - https://youtu.be/HInDo9iT_7w How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords? The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively. Watch video version - https://youtu.be/Wx1HXgVW1bM Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email charles@charleskelly.net for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s 3 Steps To Success Financial Freedom And Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free. Join me online on my free live money management training Wednesday at 7.00PM. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards

    12 min

  6. 23 AUG

    New Property Buyer Enquiries Surge Following Mortgage Rate Cuts

    Housing Market Bounces Back Following Interest Rate Cuts Rightmove Reports. New buyer enquiries rise according to Rightmove and Zoopla, as mortgage rates fall. Watch video podcast - https://youtu.be/HInDo9iT_7w How will Labour’s new Renters Rights Bill 2024 affect buy-to-let landlords? The Labour Party’s Renters' Rights Bill 2024 is poised to bring significant changes to the UK’s rental market, impacting both tenants and buy-to-let landlords. Understanding these changes is crucial for landlords to navigate the evolving landscape effectively. Watch video version - https://youtu.be/Wx1HXgVW1bM Section 24 Landlord Tax Hike Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls. Email charles@charleskelly.net for a free consultation on how to deal with Section 24. Watch video now: https://youtu.be/aMuGs_ek17s 3 Steps To Success Financial Freedom And Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free. Join me online on my free live money management training Wednesday at 7.00PM. Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #finance #moneytraining #moneymanagement #wealth #money #marketing #sales #debt #leverage #property #investment #Homeownership #financialplanning #moneymanagement #financialfreedom #section24tax #financialindependenceretireearly #RentersRightsBill #BuyToLet #LandlordLife #UKPropertyMarket #TenantsRights #RentalProperty #PropertyInvestment #LandlordChallenges #RentControl #PropertyStandards

    12 min

  7. 16 AUG

    Wills, Trusts, and Inheritance Tax: How to Keep More for Your Family

    In the UK, inheritance tax can take a significant portion of your estate, leaving less for your loved ones. However, with careful planning through wills and trusts, you can mitigate this burden. For more expert advice on managing your finances, subscribe to Charles Kelly Money Tips Podcast on YouTube or email charles@charleskelly.net to meet a specialist adviser. Watch full YouTube interview: https://youtu.be/-SfqPiXPTbg Creating a properly drafted will ensures your assets are distributed according to your wishes, potentially avoiding intestacy rules that might increase your tax liability. Including trusts in your estate planning is a powerful tool to protect your wealth. Trusts can help reduce inheritance tax by transferring assets out of your estate, placing them in the hands of trusted individuals for your beneficiaries. Key strategies include the Nil-Rate Band Discretionary Trust, which allows you to pass on up to £325,000 tax-free, and gifting assets during your lifetime, which can also reduce the value of your estate if you survive for seven years after the gift. It's essential to review and update your will regularly to reflect changes in your circumstances and tax laws. Proper estate planning with wills and trusts not only safeguards your legacy but also ensures your loved ones benefit from the maximum inheritance with minimal tax impact. For more expert advice on managing your finances, subscribe to Charles Kelly Money Tips Podcast on YouTube or email charles@charleskelly.net to meet a specialist adviser.  #InheritanceTax #WillsAndTrusts #EstatePlanning #TaxSavings #CharlesKellyMoneyTips #section24 #paylesstax #business #discretionarytrust #livingwill

    24 min

  8. 16 AUG

    Wills, Trusts, and Inheritance Tax: How to Keep More for Your Family

    In the UK, inheritance tax can take a significant portion of your estate, leaving less for your loved ones. However, with careful planning through wills and trusts, you can mitigate this burden. For more expert advice on managing your finances, subscribe to Charles Kelly Money Tips Podcast on YouTube or email charles@charleskelly.net to meet a specialist adviser. Watch full YouTube interview: https://youtu.be/-SfqPiXPTbg Creating a properly drafted will ensures your assets are distributed according to your wishes, potentially avoiding intestacy rules that might increase your tax liability. Including trusts in your estate planning is a powerful tool to protect your wealth. Trusts can help reduce inheritance tax by transferring assets out of your estate, placing them in the hands of trusted individuals for your beneficiaries. Key strategies include the Nil-Rate Band Discretionary Trust, which allows you to pass on up to £325,000 tax-free, and gifting assets during your lifetime, which can also reduce the value of your estate if you survive for seven years after the gift. It's essential to review and update your will regularly to reflect changes in your circumstances and tax laws. Proper estate planning with wills and trusts not only safeguards your legacy but also ensures your loved ones benefit from the maximum inheritance with minimal tax impact. For more expert advice on managing your finances, subscribe to Charles Kelly Money Tips Podcast on YouTube or email charles@charleskelly.net to meet a specialist adviser.  #InheritanceTax #WillsAndTrusts #EstatePlanning #TaxSavings #CharlesKellyMoneyTips #section24 #paylesstax #business #discretionarytrust #livingwill

    24 min
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Become a Paid Subscriber: https://podcasters.spotify.com/pod/show/charles-kelly/subscribe Enjoy exclusive content and bonses when you become a Money Tips supporter. Money Tips Daily is a daily podcast brought to you by the author of Yes, Money Can Buy You Happiness, published on Amazon. Money Tips Daily helps you save, earn, invest and enjoy more money! https://anchor.fm/charles-kelly/subscribe

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