Neil Groom (Ely)

Neil joined the Ely office in July 2011, having previously worked in personal tax in Norwich for 10 years. He is ATT qualified, and specialises in Trusts and Estates, with a great deal of experience in tax and administration matters, as well as personal tax generally. Outside of work, Neil's interests include football, music and origami.
 
My Latest Blogs
 
Neil Groom
27th June 2017 A taxing calculation

Calculate your own tax… The introduction of the so-called dividend and savings allowances from April 2016 was intended to reduce the tax liability for taxpayers with modest dividend and interest income, possibly removing them from the need to prepare a tax return altogether. For other taxpayers however, the interaction of these changes, together with the…

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Neil Groom
21st April 2017 Probate fee increases scrapped – for now…

The government’s proposed increase to probate fees – from the current £215 to a potential maximum of £20,000 – have been scrapped, as there will not be sufficient time for the regulations to pass through parliament before the snap general election. These changes were highly controversial due to the size of the increase – the…

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Neil Groom
24th October 2016 UK Government Online Services

HMRC Personal Tax Account: Now able to obtain state pension forecast. HMRC’s Personal tax account has been in operation for 10 months now, and over 3.5 million users have registered to date. The account will be at the heart of the forthcoming ‘Making Tax Digital’ changes, and is currently in Public Beta testing. Whilst further…

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Neil Groom
14th April 2016 SDLT Planning

Transferring Second Property into Joint Names: Beware SDLT trap! We commonly advise married clients who are considering a transfer of rental property from one spouse into joint names. Where the owner spouse is a higher rate taxpayer, there is often a potential to make use of the other spouse’s basic rate tax band. The potential income…

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Neil Groom
22nd February 2016 Taxation of Dividend Income

PAYE Codes: Starting to reflect new dividend tax rules. Ahead of the start of the 2016/17 tax year, HMRC have recently begun issuing updated PAYE coding notices, which will determine how much tax is deducted at source on income paid through the PAYE system. They have provided some general guidance here : https://www.gov.uk/tax-codes/what-your-paye-coding-notice-means In addition…

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Neil Groom
4th July 2013 IHT Planning

Use Lifetime Trusts to Save Inheritance Tax. With the government confirming in the last Budget that the current inheritance tax nil rate band of £325,000 will be frozen until 2018, more and more people will find the taxman taking a sizeable slice of their estate on death. Making gifts during your lifetime is one solution…

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