The deadline for reporting and paying Capital Gains Tax (CGT) arising from the sale of a residential property is set to be shortened drastically in April. Under the current rules, landlords and investors, as well as people who previously used … Continue reading
Budget 2020
Budget summary When Philip Hammond delivered the last Budget 499 days ago, in the midst of the Brexit negotiations, he could not have imagined that the next Budget would be dominated by the spread of a lethal contagion. Nor is … Continue reading
Make the most of the Brexit implementation period
Now that the UK has left the EU, we have entered an implementation period that will last the rest of 2020, during which the UK’s future relationship with the EU will be agreed, giving businesses the chance to prepare for … Continue reading
Property tax implications of getting divorced
If you are in the process of getting divorced, it is likely that the tax considerations involved are not foremost in your mind. However, divorce can have extensive implications for your tax bill, including in relation to Capital Gains Tax … Continue reading
When was the last time you checked your NIC record?
Most workers assume that their National Insurance Contributions (NICs), as reported by their employer or through their own records, are accurate and up to date. After all, within the Income Tax system, we have the comfort of an annual reconciliation … Continue reading
