21 February 2017
April 2015 saw the introduction of CGT for non-residents owning UK residential property. Not only are non UK residents now liable to UK CGT on the sale of UK residential property, they also have an obligation to file an online return with HMRC within 30 days of the property being sold. Failure to do so can mean penalties rack up on a daily basis.
21 February 2017
With the end of another tax year fast approaching many will be considering whether any action should be taken before 5 April to mitigate their tax liabilities for the year. Whilst we should not forget the usual year end planning points, such as using ISA allowances, the 2016/17 tax year has a number of new complexities that should not be overlooked.
18 January 2017
Tax reliefs and allowances are normally provided for a particular tax year. If not used by 5 April, they are lost. Now is the time to review what can be done to make full use of the allowances available to you.
05 January 2017
Wealthier taxpayers are the subject of increasing scrutiny by HM Revenue and Customs (HMRC) in the belief that more tax can be collected by looking more carefully at their affairs.
06 December 2016
Changes to the non-dom rules contained in the draft Finance Bill 2017 leave affected taxpayers with little time to organise their affairs warns RSM.
23 November 2016
The Chancellor has reconfirmed the government’s commitment to increasing the personal allowance to £12,500 and basic rate band to £50,000 by the end of the parliament.
22 November 2016
RSM’s head of private client Gary Heynes has been named as one of the ‘50 most influential’ private client practitioners by eprivateclient.
15 November 2016
We expect to see a number of announcements that will impact private individuals. We hope for some good news on a delay to complex changes for non-doms due to be rushed in in April 2017 and are optimistic about the likely simplification for many small businesses and landlords.