18 September 2020
In July, the Chancellor wrote to the Office of Tax Simplification (OTS) asking it to, ‘to undertake a review of capital gains tax (CGT) and aspects of the taxation of chargeable gains in relation to individuals and smaller businesses.’ In response, the OTS has been gathering evidence, asking for detailed comments to be submitted by 12 October 2020.
13 August 2020
As the UK’s estimate for underpaid and evaded tax by wealthy individuals has risen for the second year in a row according to HMRC, we share our views on the total tax gap shortfall.
18 July 2020
Preparing a tax return is an unfortunate fact of life that many of us put off for as long as possible. This year, however, filing a self-assessment return early could generate some important cashflow advantages.
17 June 2020
Has your house purchase stalled because of the coronavirus pandemic? There are two reliefs available to buyers of new homes, which could result in significant savings.
19 May 2020
The sharp drop in asset values caused by the coronavirus crisis may represent an opportunity to reorganise your wealth in a way that could benefit you and your families significantly in the long term.
26 February 2020
The loan charge is an anti-avoidance measure to counter ‘disguised remuneration’ schemes where individuals were paid in the form of loans, replacing all or part of their salary.
26 February 2020
Taking simple and effective actions now could result in significant reductions to your 2019/20 and future personal tax liabilities. The next Budget is on 11 March 2020; although the Conservative manifesto ruled out increases to income tax, VAT or national insurance, could tax increases be made in disguise?
24 January 2020
The 31 January tax return deadline is coming soon. If you are due to complete a return, please bear in mind that a late return can produce painful results – regardless of the outlandish excuses provided to HMRC.
24 January 2020
What are the tax considerations of buying a property with the support from ‘the bank of mum and dad’. In these cases, it’s easy to miss the complexities of the tax system and accidentally get things wrong.
02 December 2019
At its height in December 2017, bitcoin reached a value of over $19,000, only to trade for under $4,000 for much of early 2019. It is not an exaggeration to say that cryptocurrency fortunes were made and lost over this period, and cryptocurrencies are now a fact of investment life. Aside from obvious concerns about volatility and which option to back, ‘crypto’ creates administrative challenges for trustees and company directors. For example, consider two areas: tax treatment and money-laundering.
