Latest news and updates
Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company or an individual’s interest in a trading...
25/07/2024
There are special rules concerning the liability to IHT of a transfer made during one’s lifetime. For example, most gifts made during a person's life...
Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% and this applies to most chargeable gains made by individuals. If taxpayers...
The Corporation Tax Main Rate applies to companies with profits in excess of £250,000. The applicable rate is currently 25%. A Small Profit Rate (SPR)...
The Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with an opportunity to...
The VAT Import One Stop Shop (IOSS) Scheme applies to goods imported in consignments with a value of £135 or less (known as low value goods) from...
In the coming months we will start to see how our new government intends to change the UK tax rules to further its economic growth agenda. Whatever...
23/07/2024
Ever wondered how your stake in your business is represented in your accounts? The answer can be found at the bottom of your balance sheet. Simply...
Two separate £1,000 tax allowances for property and trading income were introduced in April 2017. If you have both types of income highlighted below,...
18/07/2024
The Employment Allowance benefits eligible employers by reducing their National Insurance liability. The current allowance is £5,000. An employer can...
The child benefit rates for the only or eldest child in a family is currently £25.60 and the weekly rate for all other children is £16.95. Taxpayers...
Capital Gains Tax (CGT) is normally charged at a simple flat rate of 20% (but see comments below) when you sell shares unless they are in a CGT free...
