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The cost of sharing

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.

Unreasonable excuses for late filings?

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.

Succession and the law

19 December 2019

Mortality, no one really likes to think about it. Some people’s view is “what do I care? I’ll be long gone”. Others prefer to leave their affairs in as orderly a state as possible. Whichever camp you are in, legal steps need to be taken. Find out what the most tax efficient steps and actions available to you are.

Cryptocurrency - tax and governance of the new financial frontier

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.

Could the 1956 UK / India Estate Tax Treaty help you with your estate planning?
Sophie St John

14 November 2019

Some individuals of Indian origin may find they can benefit from the 1956 double tax treaty between the UK and India (the Treaty); a treaty which after more than six decades still remains in place.

A nudge in the right direction?

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?

Government proposes a 1 per cent increase in stamp duty land tax for non-resident buyers of residential property
Adrian Benosiglio

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.

Royal baby news!

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.

‘No safe havens’ – HMRC’s offshore tax avoidance strategy

24 April 2019

In March 2013, HMRC published a policy paper on offshore tax evasion, entitled ‘No safe havens’. The world today looks very different to 2013 and HMRC has published its updated policy accordingly, imaginatively rebranded as ‘No Safe Havens 2019’.

Taxing your home – proposed changes to ‘private residence relief’

24 April 2019

A consultation document was released on 1 April with the Government’s proposed changes to private residence relief (PRR) following announcements in the 2018 Budget. The changes affect periods during which a home owner was not living in the property, reducing the amount of tax relief currently available.

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