There is a lot of confusion around crypto-assets and how they are taxed in the UK. One false train of thought is that because they are viewed as similar to gambling or winning the lottery, they fall outside UK taxation. This is simply not true. In this blog, we will...
Extension of IR35 Legislation to the Private Sector is Damaging
The impact of new IR35 legislation, which is being introduced in April 2020, may stretch far beyond the individuals it...
Capital Gains Tax (CGT) Reporting & Payment Changes
From 6 April 2020 individuals, trustees and personal representatives realising a taxable capital gain from the sale or other disposal...
Pension Contribution Tapering
The annual allowance lets individuals currently contribute up to £40,000 to their pension fund each year and receive tax relief...
Changes to emissions calculations mean no BiK tax next year for electric cars
Following a move to new emissions regulations, electric car owners will not have to pay any Benefit-in-Kind (BiK) tax during...
The Widened Scope of Non-Resident Capital Gains Tax (“NRCGT”)
Non-Resident Capital Gains Tax or NRCGT was introduced in April 2015 to charge capital gains on the disposal of UK...
Property Assets – 2018/19 Tax Year End
Property investments, lettings and long term rentals have come under the microscope in recent budgets. There are various changes in legislation and available reliefs coming in 2019 and 2020 that you need to be aware of.
Income Tax – 2022/23 Tax Year End
The starting point in tax planning is to understand where your income is likely to fall relative to the tax thresholds.
Lettings Relief – Restrictions
As part of his recent Budget statement, Philip Hammond announced the restriction/effective abolition of lettings relief from April 2020. The...