06 January 2017
On 19 August 2016 the government issued a new consultation. On 5 December 2016, its summary of the responses to the consultation was published, alongside the draft Finance Bill 2017, which provides more clarity on certain aspects of the proposals.
23 November 2016
The government is considering bringing non-resident landlords into the corporation tax regime. This will add a layer of complexity and may increase taxable profits. There are some benefits including a potential lower rate of tax.
18 October 2016
New proposals will mean more UK property will fall within the UK inheritance tax (IHT) net from 6 April 2017.
12 October 2016
RSM has become aware of a number of incidences in which HMRC’s gateway system shows a tax return has been issued to a trust, even if no corresponding notice to complete a tax return has been issued to trustees.
16 September 2016
Although school and university fees will have been paid for September, all parents should be aiming for an A* for tax planning in their next end of term report.
06 September 2016
Buy-to-let landlords could risk paying income tax on gains when disposing of property.
13 July 2016
While various government initiatives are focused on making tax compliance easier, life is becoming much more complicated for trustees. While professional trustees should be well placed to keep up-to-date with legislative changes, lay trustees could be at a real disadvantage.
13 July 2016
Proposed changes to legislation clarify how the new stamp duty surcharge will apply to property purchases that include an annexe.
05 July 2016
Whether you are buying residential property as an individual or in a company, the chancellor is keen to collect tax. And with increased stamp duty land tax (SDLT) rates now in effect, careful planning is key to avoiding overpaying SDLT.