Following the introduction of the tax relief restriction on finance charges for residential lettings, we often receive enquires asking “should I incorporate my property rental business?”. The restriction which has been introduced restricts the tax relief...
We have been seeing in the press that divorce rates during the pandemic have soared, with some firms seeing a near 50% increase in cases year on year. At Lambert Chapman LLP, although we cannot help with the legal side of proceedings, we can help you navigate the...
Over the last twelve months we have seen HMRC issue ‘nudge’ letters to clients focusing on suspected undisclosed offshore assets. These have been raised from information identified by the Connect system used by HMRC. It allows for a more targeted approach but has...
HMRC are issuing reminders to those individuals with outstanding Disguised Remuneration Loans. Where they have a Loan Charge they have to report by 30 September. Many taxpayers will have settled with HMRC in the intervening years and may have repaid the loans and...
Currently where you purchase a new home prior to selling your existing home, you are required to pay the higher rate of Stamp Duty Land Tax on the new purchase. However on sale of the old property, you are, subject to the following rules, eligible to claim a refund...
As you will no doubt be aware, there have been changes introduced from 6 April 2020 which require reporting for tax purposes a lot earlier than normal. If you have made a taxable gain on a residential property, you are now required to report this to HMRC within 30...
