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Transact Technical Centre

Welcome to the Technical Centre, giving you access to insights and articles from our experienced Technical Team. You can filter all articles by topic using the dropdown menu to the right.
Investment bonds – topping up verses new policy
With the increasing demand for investment bonds, we are also seeing an increase in enquiries about investing additional premiums to existing policies.  One question we...
A Study in Gifting – Distributions from a relevant property trust
Income is distributed to a beneficiary with a 45% tax credit which is shown on form R185. The beneficiary can then reclaim the difference between...
Tax Year End Reporting – Annual Allowance Charge and Scheme Pays
At Transact, we understand that exceeding the annual allowance for pension contributions can result in significant tax charges for clients. To alleviate this burden, Transact...
Offshore Reporting Funds – Excess Reportable Income and Capital Gains
Clients who hold offshore funds often have additional complexity when it comes to their annual tax returns – this article helps to explain the basics...
Maximising Investment Bond Flexibility and the Advantages of Higher Segmentation
Investment bonds, whether onshore or offshore, offer investors valuable opportunities for tax planning and flexible withdrawals. One of the most important yet often overlooked decisions...
A Study in Gifting: Periodic Issues
Relevant property trusts are subject to inheritance tax (IHT) if the amount gifted, plus other chargeable lifetime transfers (CLT) made in the seven previous years...