Private residence relief signpost
Private residence relief - signpost Private residence relief: Introduction ‘An Englishman’s home is his castle’ so the idiom goes. For many people, this will have some truth, as their main [...]
Private residence relief deemed occupation
Private residence relief deemed occupation Private residence relief deemed occupation - Introduction As stated previously, private residence relief is potentially available in relation to both: Actual occupation; and Periods of [...]
Private residence relief quality of occupation
Private residence relief quality of occupation Introduction – private residence relief quality of occupation Private residence relief is clearly a valuable relief. Certainly, where someone has benefitted from growth in [...]
Private residence relief and couples
Private residence relief and couples Introduction – private residence relief and couples Generally speaking, under the Self-Assessment system, husband and wife (and more recently civil partners) are treated independently for [...]
Private residence relief restrictions
Private residence relief restrictions Introduction – private residence relief restrictions We have seen in other article what an attractive relief private residence relief is for homeowners. Further, the property must [...]
Private residence relief elections
Private residence relief elections Introduction – private residence relief elections As discussed in other articles in the Private Residence Relief Signpost, the relief is available on the main residence. This [...]
Capital Gains Tax rates and bands
Capital Gains Tax rates and bands Capital Gains Tax rates and bands - Introduction This article sets out the capital gains tax rates and bands that currently apply. Tax [...]
CGT on death
CGT on death CGT on death – basic principle Of course, death is a fairly grey cloud with few silver linings. However, a tax obsessive might say differently. From a [...]
Tax return: do I need to complete one?
Tax return: do I need to complete one? Tax return - introduction Not everyone needs to complete a tax return. For the tax year 2016/17 HMRC issued notices to around [...]
Dividend tax for trusts
Dividend tax for Trusts Dividend tax for Trusts - Introduction For a long period of time, the taxation of dividends remained relatively stable and un-tinkered with for both individuals and [...]
Dividend tax
Dividend tax Dividend tax - Introduction For many years, the taxation of dividends remained relatively stable and untinkered with. However, like all good (and understood things) from April 2016, this [...]
Income tax relief cap
Income tax relief cap Introduction Over many years, tax avoidance schemes have utilised the facility to offset various genuine tax reliefs against general or other income. For many years, this [...]
Understand the Tax Implications of Building in a Garden
Garden Grabbing in 2018 & Capital Gains Tax on Self Build Property; Taxation FAQs regards Gardens & Residential Developments The price of residential development land has soared in light of [...]
Tax News; What’s New This Week (W/C 30th July 2018)
What's New in tax circles this week - w/c 30th July 2018 Off out for our Summer social this afternoon so an early post. Here’s this week’s round-up: • Advising [...]
Property Investment v Trading; Help + Advice
Property Investment v Trading - The Facts... Much of the tax information available in relation to property is aimed Buy to Let (“B2L”) property investors. A B2L investor will acquire [...]
HMRC’s Latest Guidance on the Requirement To Correct (RTC)
Extra time before penalties? No it’s not the World Cup, it’s HMRC’s latest guidance on the Requirement To Correct (RTC). The Requirement to Correct was introduced in Finance (No 2) [...]
Entrepreneurs’ Relief – Lessons Learned The Hard Way
Entrepreneurs’ Relief has now been around for 10 years and it is easy to assume that there is nothing left to learn. In this article we consider a couple of [...]
Agricultural Property Relief: Don’t Take It For Granted
Introduction Agricultural property relief (APR) provides a hugely valuable relief from inheritance tax for land used for agriculture. As such the securing and preservation of the availability of the relief [...]
Related Party Transactions – Transfer Pricing Disclosure and Documentation
What is transfer pricing? Transfer pricing is one of the most important issues in international tax. Transfer pricing is the general term for the pricing of cross‐border, intra‐firm transactions between [...]