HMRC has launched a consultation ‘Tax Simplification for Alternative Finance’. This explores proposals to address the difference in Capital Gains Tax (CGT) treatment when property is refinanced using alternative, rather than conventional, finance
HMRC has launched a consultation ‘Tax Simplification for Alternative Finance’. This explores proposals to address the difference in Capital Gains Tax (CGT) treatment when property is refinanced using alternative, rather than conventional, finance
Selling online and paying taxes - yes that includes sites like Vinted and Ebay. New rules came into effect from January 1, 2024 for online selling platforms which could affect you even
New Year new start? Below are just a few of the rises and falls of 2024 that you need to be aware of: National Insurance Lowered The new tax rules aren't the
Chase Late Payments Seems obvious, but is actually a smart move and Christmas is a great excuse to do it. Offices shut down over the Christmas period, so late payments are unlikely
Dividends vs Salary: Which is the better choice for company directors? Dividends vs Salary is a common question we get from company directors and limited companies. As a business owner, your business
In the Autumn Budget 2023, the UK Chancellor Jeremy Hunt announced plans to reduce debt and cut taxes, with the Office for Budget Responsibility (OBR) assessing that these measures will lower inflation and
For over half a century, the application of capital gains rules has been a contentious issue, leading to potentially huge refunds for taxpayers. This long-standing oversight, which has persisted for 58 years, warrants
Private Residence Relief (PRR) is a crucial component of the UK's tax system, providing homeowners with relief from Capital Gains Tax (CGT) when selling their primary residence. This relief is designed to
In a significant legal victory for taxpayers, the First Tier Tribunal (FTT) ruled in favour of Gerald and Sarah Lee in their dispute with HMRC regarding Private Residence Relief (PRR) for a replacement
You may not be renewing your car insurance just yet, but it’s worth being prepared for what is likely to be a potential shock. Car insurance customers have become the new victims of