End of year tax planning
As the 2019/20 tax year draws to a close, there are some simple tax planning opportunities that you may want to take advantage of before the possibilities end on 5 April 2020. Income Tax free allowances Making sure that you…
ATED – what on earth is it?! Article printed in Tax Adviser Magazine in April 2019
Don’t Forget About ATED! It is April once again, which these days as well as meaning the end of one tax year and the start of the next, can also mean that it is time for accountants and tax advisers…
The end of the tax year is nigh!
Believe it or not, Spring is here! Whilst a new tax year is not widely celebrated it does mean that tax opportunities for the year about to end will only remain available for a short while longer. The current tax…
Changes to Entrepreneurs Relief
In the Chancellor’s 2018 Budget, new criteria were introduced in relation to Entrepreneurs’ Relief (ER) to apply from 6 April 2019, with transitional rules applying to disposals from Budget Day (29 October 2018). This tightening of the rules in order…
October 29th Autumn Budget
Philip Hammond gave his budget talk on 29th October 2018. There was good news for businesses, an apparent end in sight for austerity but a warning that discipline must remain. Personal tax The Conservatives’ manifesto pledge to increase personal allowances…
Main residence nil rate band: Get the most out of your Will
It had long been the intention of the Conservative government to increase the threshold at which inheritance tax is paid and allow for a greater amount to be passed down within families tax free. Talk was of a tax free…
Time to spring into action
With a late spell of wintry weather it would be easy to overlook that spring is supposed to be here! Whilst a new tax year is not widely celebrated it does mean that tax opportunities for the year about to…
The SDLT headache isn’t just limited to the additional rate
In recent newswires we have talked about the Stamp Duty Land Tax (SDLT) headaches that the additional rate has brought in. However, this is not the only issue that buyers should beware of. SDLT legislation is complex and the Government…
Get on the right track with the best start and remunerate yourself properly!
The problem with tax is that new tax law is constantly being created to reward certain behaviours and discourage others. To be fair this is probably essential for economic and social management however it does create a myriad of choice…
Deemed domicile: the new rules and how they will affect individuals
From 6 April 2017 the new deemed domicile rules will take effect and will now apply to ALL personal taxes: income tax, capital gains tax and inheritance tax. Not only has the scope of the application widened, the definition has been…