4 Sep 2019 | Firm News, Inheritance Tax, Personal Tax Planning
HMRC have just updated their guidance “what to do when someone dies”. This is a step by step checklist, which allows you to make sure you have not missed anything. The list includes: Registering the death; Arranging the funeral; Telling the Government about the...
15 Aug 2019 | Firm News, Personal Tax Planning, Property Services
With effect from 6 April 2020, the Principal Private Residence (PPR) extension has been reduced from 18 months to just 9 months (oh for the halcyon days when it was a full 36 months). Rental Properties A second measure being introduced is the restriction in the...
5 Aug 2019 | Firm News, Personal Tax Planning
Company cars are an expensive option for a salary package and I can’t remember the last time I recommended a company car for the owner of a business. However for some clients, I can see that this is about to change as HMRC will be introducing some attractive tax rates...
1 Aug 2019 | Firm News, Payroll, Personal Tax Planning
In the Tory leadership contest, Boris came out with a proposal to raise the Basic Rate Tax threshold to £80,000 (currently it is £50,000). This seemed like an outrageous and impractical proposition. At the time, some commentators saw it as an example of dead cat...
22 Jul 2019 | Firm News, Personal Tax Planning, Property Services
Following on from Lucy Orrow’s article on “Incorporating your Rental Business”, I thought I would share some common misconceptions that are made by clients when discussing the subject of Renral Income from Residential Property. I don’t need to declare my rental income...
18 Jul 2019 | Client Case Study, Firm News, Personal Tax Planning, Property Services
The Statutory Residence Test has been around since 2013 and has given a proper basis for determining residence status. Our client left the UK in 2012 and subsequently made a large capital gain on the disposal of shares in a unlisted trading company. This was not...
