Landlords and owners of second homes who have to pay Capital Gains Tax (CGT) on the sale of their additional property, now have to report and pay the tax within 30 days from 6 April 2020. Private Residence Relief allows people to sell their main residence without...
As the end of the 2019/20 tax year is approaching, there are a number of different things that you could consider whilst stuck at home at the moment. These need to be actioned before 6 April 2020:- Marriage Allowance Where the lowest earning spouse earns less than...
If you are a Santander shareholder, you should have received correspondence from Santander regarding the final dividend for the 2019 financial year. What this means The May 2020 dividend (subject to shareholder approval) will be partly paid as a normal cash dividend...
With the top rate of income tax at 45% and employees national insurance of 2%, wealthy individuals can lose almost half of their pay if they are domiciled and tax resident in the UK. We have for many years wanted to attract wealthy foreigners to settle in the UK and...
There is a lot of guesswork surrounding how the new digital reporting regime will work in respect of the capital gains relating to the sale of residential properties by UK residents. Having listened to the HMRC webinar recently on this very subject, I am now much...
In the tax world, proposals often get made and legislation gets introduced and then gets deferred. This was true with Making Tax Digital and many other high profile changes to the tax profile system including the Class 2 abolition. However one piece of legislation...
