Second home: Can I avoid paying CGT?
Posted by Karen Jones on May 3, 2023If you have a second home, can you avoid paying CGT when you sell? The answer to this one is, no. But with expert help, you may be able to lower your final CGT bill.
Something to declare? HMRC’s let property tax amnesty is still open
Posted by Karen Jones on April 28, 2023Are you a landlord? If your tax affairs aren’t in order, then there’s still time to take advantage of HMRC’s Let Property Campaign. We explain how.
Emergency tax on pension withdrawals – how to claim it back
Posted by Jon Pryse-Jones on April 27, 2023The amount of emergency tax paid on pension withdrawals since 2015 is now over £1bn. We explain how this tax works and how you can reclaim it
IHT business relief: could you cut your Inheritance Tax bill?
Posted by Ian Henman on April 24, 2023Do you own a business? If so, you may be able to use IHT business relief to cut – or even eliminate – your Inheritance Tax bill.
What are chattels, and how does CGT apply to them?
Posted by Ben Locker on April 20, 2023Did you know you may have to pay CGT on chattels? But what are chattels? And what are the tax rules that apply when you sell them?
Do I need to pay Inheritance Tax? HMRC’s online tool
Posted by Ian Henman on April 19, 2023“Do I need to pay Inheritance Tax?” If you’re asking yourself this question, HMRC has an online tool that can help you.
Changes regarding ‘Basis Period Reform’ for self-employed
Posted by Ben Locker on April 10, 2023Details regarding the upcoming ‘Basis Period Reform’. If your accounting year is different to the tax year, it will apply to you.
Don’t forget to file your company accounts
Posted by Mark Ingle on April 7, 2023Forgot to file your company accounts? If you miss the deadline you face ever-increasing penalties…we tell you what’s at stake.
How to reclaim overpaid CGT
Posted by Karen Jones on April 5, 2023Are you struggling to reclaim overpaid CGT on a property sale? If so, we explain how it can be done – and how our accountants can help you.
What are the rules for IHT on gifts?
Posted by Karen Jones on March 29, 2023IHT on gifts has lots of rules and exemptions. We help you navigate the maze so you know how to make gifts with no or low Inheritance Tax.
