09 May 2017
The internet is awash with information for landlords on the benefits of incorporation, but the promised tax reliefs will not be available to all. Landlords are therefore advised to seek advice relating to their own specific circumstances before rushing to incorporate. Unfortunately in tax if something sounds too good to be true, it usually is.
04 April 2017
The start of a new tax year is a reminder that it is never too early to plan your affairs tax efficiently for the coming year. Making plans now can help maximise reliefs and allowances, aid cash flow through the understanding of what tax is payable and when, and avoid a last minute dash to the finish line this time next year.
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.
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.
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.
29 June 2016
There is rarely a time when individuals are not faced with some uncertainty, and the outcome of the referendum is no different. The only certainty is that there are bound to be some winners and some losers as a new tax regime evolves outside of EU oversight.