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.
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.
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.
19 October 2019
Many businesses and individuals are receiving letters from HMRC requesting detailed information about subjects ranging from rental accommodation to the employment status of contractors. What’s going on, and how should you respond?
17 September 2019
Last week, the Daily Telegraph reported on a leaked shadow Treasury document which revealed Labour proposals to impose VAT on independent school fees and remove their discounted business rates. So what impact would this have on independent schools and their fee-paying parents?
10 September 2019
As trustees and agents alike get to grips with the HMRC trust registration service (TRS), a change to EU law extends the net and the risk of trustees failing to meet registration obligations.
08 August 2019
The Government has issued a consultation paper on their proposals to charge an extra 1 per cent stamp duty land tax (SDLT) for non-resident purchasers of residential property. Find out how this could affect you.
20 July 2019
The Conservative Party leadership contest has now whittled down the contenders to the last two. But what are their tax proposals for the near future?
22 May 2019
HMRC has recently published a study examining the behaviour of ‘gifters’ - those who have, in the past two years, made a single gift of £1,000 or more, or multiple gifts of greater than £250 totalling more than £3,000. It is hoped that the findings will help simplify the inheritance tax legislation so that it is fit for the 21st century.
18 May 2019
RSM is not immune to the general public excitement about a new royal baby, but aside from speculating about gender, names and birthing methods, our minds have turned towards thinking about the tax status of the new seventh in line to the throne.