Separation and divorce is an unfortunate fact of life. However, on the bright side, some long overdue changes (in your Tax Tuesday author’s opinion) to the capital gains tax (CGT) rules relating to separating couples are being introduced. While at this stage, the...
The Trust Registration Service (TRS) is part of the UK government’s anti-money laundering (AML) and counter terrorist financing efforts. The TRS itself was introduced in 2017 and so has been around for several years now. However, the scope of the reporting required...
Continuing demand for new housing nationally means property developers will remain on the lookout for appropriate land to buy for the foreseeable future. Many landowners are non-corporates such as farmers selling off surplus fields or householders selling off...
It can be daunting when an enquiry letter from HMRC drops through the letterbox. However, it should be noted that not all enquires are targeted and many still result from random selection (a bit like an unpleasant version of the lottery!) While no taxpayer enjoys...
In order to be deductible as a business expense for direct tax purposes the item must be ‘wholly and exclusively’ for the purposes of the trade being carried on. This is a simple enough definition but has led to large numbers of tax cases over the years. The key is to...
As we come out of the coronavirus pandemic, the various support packages which were available to individuals and businesses during this difficult time are fast becoming a thing of the past. It can therefore be easy to forget that there remains a more general support...
