Capital Gains Tax on High Value Items

I thought we might touch on the dreaded subject of capital gains tax this time. It’s an insidious tax and can be a bit of a dark art, with many twists, turns & arcane rules to it in the eyes

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It’s not due in January; It’s due today!

A common misnomer with individual tax returns is that they’re due in January. January 31st is actually the deadline for submitting your return to HMRC and paying them any monies due. As you can

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Nobody Likes Jargon

I think it’s fair to say nobody likes jargon, especially when you’re being sold services. If you think Estate Agents have got it bad then spare a thought for your accountant – not

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An Overview of Principle Private Residence Relief

I was asked about Principle Private Residence (PPR) relief the other day by a Financial Adviser who is dealing with a client of ours, so I thought it’d be good to briefly run through this. Just

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Help your child make money at University

Let’s assume your (18+) child is off to Uni and you want to give them a hand. A let property can be a great way to do this. Rent a room relief allows someone to rent a room in their main residence

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The Traps of Equity Release on Rented Properties

In order to achieve greater ‘revenue relief’, many landlords release equity from their properties using the money in whichever way they choose – for example if they decide to buy a Ferrari or

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Tax Tip – Save Capital Gains Tax with a Deed of Trust

Today’s tax tip involves a bit of forward planning & a whole lot of trust: A deed of trust in fact. But it is a good way of mitigating the dreaded capital gains tax (CGT). If you’re

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The Ever Changing World of Tax

It’s All Change in the World of Tax Let’s talk about something important. Things are changing in terms of tax matters and indeed, they are also changing for us as a firm. We have now closed our

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All Change! Make Sure You’re Ready for the New Tax Year

Don’t forget that the tax regime for limited companies is changing at the end of the tax year for those who haven’t heard (if you’re a director you should have heard about this by

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Dividend Tax Credits To Become a Thing of the Past

If you’re a company director don’t miss the opportunity to take a dividend before April 6th if company funds allow! – Under the changes coming in to effect in the new tax year the

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