Gains on UK Residential Property

Changes to the rules on capitals gains came into effect this year, with the tax on UK residential property to be reported and paid to HMRC within 30 days. This meant from 6 April 2020, anyone making a taxable gain from the sale of an additional...

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To Flip or not to Flip your Main Residence

For those in the property industry, they will know that having multiple properties is a good investment, but need more advice on the tax side. Main Residence Flipping may then be a area to look into as it has been a popular strategy for reducing tax. Our...

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Business Asset Disposal Relief

Amongst talks last year regarding the Budget speech of 2020, a lot of focus was on what we knew as entrepreneurs’ relief, designed to be an incentive for entrepreneurs' to start a new business. The name may have changed over recent months, but the details of the...

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Business Insider – November 2020

This month the Insider newsletter provides a summary of the following: Group slams latest Taxable Grants for the Self-Employed Improved Job Support Scheme opens for Employers Sunak hints at Spring Tax hike to 'balance the books' Three in five Bounce-back Loans may never be repaid, Watchdog claims Our full report...

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Taxes to consider when moving home

If you are in the process of moving home or planning to in the second half of 2020/21, then there may be some changes to the tax system to consider, such as the recent cut to stamp duty land tax announced in July 2020. Our...

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Insider – October 2020

This month the Insider newsletter provides a summary of the following: Commission set to recommend National Living Wage Freeze Chancellor reveals new support measures amid Second-Wave fears Tax Group calls for extension to the Annual Investment allowance Fraudulent furlough claims or those paid in error cost £3.5bn Our full report...

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Get on top of your Tax Return

For many, its that time of year again to begin thinking of preparing your tax return, although it may be the last thing on your mind due to the current climate! Our short guide here will advise you on all you will need to know, including any questions...

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Corporate Tax Planning in 2020/21

With the economic hit due to Covid-19 it may be difficult to predict the future, especially when it comes to planning tax. Our guide here will help to answer any questions you may have regarding deadlines with HMRC and what to expect in the upcoming months.We will...

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August 2020

Capital Gains Tax under review as Treasury considers overhaul Applications open for second phase of self-employed income support Making Tax Digital to 'apply to all VAT-registered traders by 2022/23' MPS: let opted out workers re-enrol back into workplace pensions early The full report can be found here. ...

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