On 6 April 2020 the planned adverse changes to “private residence relief” and the associated “lettings relief”, on the sale of a house which has been your main residence at some point in time during your ownership, are scheduled to come into effect. Some taxpayers who...
As many of our readers will be aware, the SDLT code includes provision for “higher rate” transactions which (broadly) involve the purchase of a second dwelling (where individuals are concerned). The normal tiered rates of SDLT are all increased by 3%, as outlined in...
It’s a short Tax Tuesday today, but potentially a very important one nevertheless. The word circulating within the tax industry at the moment is that Mr Javid is about to take a hatchet to Entrepreneurs’ Relief (ER) – and change it “significantly”. Sometimes...
For what might be the biggest commercial transaction of your life, getting your house in order and managing the tax (and risk) efficiencies involved, can (i) help make the sale actually happen; and (ii) ensure you retain the highest proportion of the value you have...
At 14 January, there is barely three months left of the current fiscal year 2019/20. Now is therefore an important time to start considering the merits of Pre Year End Tax Planning. As well as helping to manage your tax affairs and liabilities for this tax year, the...
On the 30th December 2019 HMRC published updated guidance on the subject of company mobile phones provided to employees. Given that this is inevitably a very popular benefit which promises to be free of Income Tax for potentially millions of users, it is highly...
