Changes to rent a room relief

Aug 13, 2018

A new test is to be added to the qualifying criteria for rent-a-room relief from April 2019.

The test will require that the individual or individuals in receipt of income – the home owner(s)…

Read more

When is Capital Gains Tax payable

Aug 13, 2018

Notwithstanding any of the comments that follow, an individual is allowed to make tax-free capital gains of £11,700 during 2018-19.

There are also a number of circumstances when a disposal…

Read more

Ask the government to sell property

Aug 13, 2018

UK residents can ask for publicly owned land and buildings to be sold if they think that the property is vacant or underused.

You will need to track down the owner of the land and ask for…

Read more

Tax Diary August/September 2018

Aug 13, 2018

1 August 2018 - Due date for Corporation Tax due for the year ended 31 October 2017.

19 August 2018 - PAYE and NIC deductions due for month ended 5 August 2018. (If you pay your tax electronically…

Read more

Undeclared offshore assets

Aug 09, 2018

From 1 October more than 100 countries, including the UK, will be able to exchange data on financial accounts under the Common Reporting Standard (CRS). CRS data will significantly enhance HMRC’s ability…

Read more

Work from home?

Aug 07, 2018

We are often quizzed by clients who are contemplating working from home: what are the tax consequences? And in particular, will I have to pay capital gains tax?

Capital gains tax

Generally…

Read more

Planning for early losses

Aug 02, 2018

If you are setting up a new business, you may discover that establishing a profitable base takes time. If your pre-trading planning discloses an initial loss making period, you may want to take advice…

Read more

Are you missing out on tax credits?

Jul 31, 2018

There has been much commentary in recent months reminding tax payers who claim tax credits to file their renewals application before the 31 July deadline. But apparently, many applications have been…

Read more

What if there is a hard Brexit?

Jul 24, 2018

Although we strive to be non-political in this blog, it would seem that there is an increasing likelihood that when we leave the EU March next year the present free movement of goods will no longer…

Read more

Sign up to our newsletter

Stay on top of what's happening, get information, and learn about our people.

Sign up