by Neesha Hallan | Oct 19, 2024 | HMRC, HR and Policies, Tax
Major changes to Capital Gains Tax could be announced in the October budget, prompting investors to act fast before potential rate hikes and tighter relief conditions. With the upcoming October budget, many are anticipating significant changes to Capital Gains Tax... 
by Neesha Hallan | Dec 14, 2021 | Coronavirus: Finances, HMRC, Making Tax Digital, Tax
CHRISTMAS IS THE TIME FOR GIVING Like the Capital Gains Tax (CGT), the Inheritance Tax (IHT) from Rishi Sunak’s Autumn Budget remained the same. Meaning each tax year individuals may make gifts of up to £3,000 in total. Even if this amount has been... 
by admin | Jan 17, 2020 | HMRC, Tax
2017 Income Tax – Restriction of finance costs for individual property landlords Did you know that in his 2015 post-election summer Budget, George Osborne informed residential landlords that from April 2017 their ability to claim higher rate tax relief for... 
by admin | Dec 6, 2018 | HMRC, Tax
‘Tis The Season for Gifts… And Taxes… Christmas Is The Time For Giving If you are thinking about making gifts this Christmas, you should take advantage of the various inheritance tax (IHT) exemptions and reliefs available to you. But you should also bear in mind... 
by admin | Sep 10, 2018 | Tax
Time’s Up! HMRC is urging you to come forward and declare any foreign income or profits on offshore assets before 30 September, to avoid higher tax penalties. New legislation called ‘Requirement to Correct’ requires you, as a UK taxpayer, to notify HMRC, about...