Author: Admin

If you are one of the (reportedly) millions of people in the UK investing in various types of crypto like Bitcoin, Ethereum, Litecoin, Dogecoin then you may be wondering what is your UK tax position? Currency or not?  Back in 2012, HMRC changed the UK taxation reporting rules on traditional foreign currency like dollars & euros. No longer was exchanging… Read More

For expenditure incurred from 1st April 2021 until the end of March 2023, companies can claim 130% capital allowances on qualifying plant and machinery investments. Under the super-deduction, for every pound a company invests, their taxes are cut by up to 25p. The new Capital Allowances offer as a result of measures announced at this Budget. Businesses will now benefit… Read More

Football has been in HMRC’s firing line in recent years, in response to a prompt from politicians over the years. This started with the chase against foreign legions over allegations that their use of image right companies, meant they may not have been paying as much tax as they should. More recently, HMRC has decided to go in aggressively against… Read More

Stamp Duty Land Tax – surcharge for non-UK buyers From April 2021, a new surcharge (2%) for stamp duty land tax (SDLT) will be applied to those individuals who are not UK residents to purchase of residential property in England and Northern Ireland. What type of purchases does the surcharge apply to? The surcharge will apply to a purchase of… Read More

The most flexible way in which you can draft a Will is to leave the whole of the estate on a trust for a wide class of beneficiaries. Those beneficiaries will typically include the deceased’s wife, children and grandchildren. The advantages You can leave instructions to the Trustees asking them to distribute your estate according to the needs of the… Read More

Over recent years, owning a conventional personal car via your company has not been an attractive proposition; expensive ‘benefit in kind’ charges, an exorbitant fuel benefit charge (for personal usage) and the relatively low advisory rates on fuel reimbursement made it a non-starter for many company Directors.  Even mid-range petrol and diesel executive cars can generate personal tax charges via… Read More

Capital Gains Tax is paid when an individual makes a gain on an asset they have disposed of. For basic rate payers this is charged at 10% for chargeable assets, and 18% for residential properties. This is increased by 10% for higher and additional rate taxpayers (those who earn over £50,000 in taxable income). There are many reliefs available to… Read More

Chancellor Rishi Sunak set out a Budget prioritising the protection of businesses during the pandemic. Our report highlights the headlines that may have an impact on your family, your business and your wealth going forward. Please follow our link to read our report on the how the budget is moving forward.  Read More

Please follow our link to our helpful guide of tax planning tips to consider before 5th April. In an ideal world, we would be thinking about tax planning throughout the year, but this year has been like no other. Covid-19 has impacted all our lives; family, work, and even our finances and is going to affect us for some time… Read More

January is almost over so it’s time to look forward to the Budget, due to be delivered on 3rd March.  The Chancellor must find a balance between supporting the health of businesses and the consumers they rely on. It is unlikely the Chancellor would want to risk pushing the economy too hard into reverse by introducing aggressive tax-raising measures too… Read More