From HMRC’s website – “Capital Gains Tax (CGT) is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. It’s the gain you make that’s taxed, not the amount of money you receive. For example, if you bought a painting for £5,000 and sold it later for […]
Capital Gains Crash Course and Why You Need to Act Now Read More »
We’re going to be closed from the close of business Wednesday 21st December 2022 right through to Tuesday 3rd January 2023. It’s been a hectic year and we are all looking forward to a relaxing break. Wishing you all a Merry Christmas and a Happy New Year.
A few relevant announcements made by the Chancellor today: Stamp duty cuts will remain in place until 2025. That means no SDLT payable on residential purchases up to £250,000 (provided it’s not classed as a purchase of an additional dwelling). Capital gains tax allowance is cut from £12,000 to £6,000 from April 2023 and to
Attention Landlords All Landlords who pay lump sum rates on their rental properties have until 30th September 2022 (9 days time!) to pay to avail of the discount. If you pay your rental property rates by monthly direct debit you are unable to avail of this 10 % discount.
There have been a number of alterations made to the club licensing regulations and the main amendments are highlighted below: Sporting Clubs – Commenced 6 April 2022 This section deals with extending an area of a sporting club authorised to supply intoxicating liquor. New Article 15A in the Clubs Order (Extension authorisations for sporting clubs)
HMRC has recently updated its Trust Registration Service Manual in relation to penalties for trustees of relevant trusts within the scope of registration on the Trust Registration Service (TRS) for either Failure to register on time or failure to keep the information held on TRS up to date. A full link to the guidelines in
The length of notice period is dependent on the length of the tenancy. For Landlords this is: Tenancies less than 12 months = no less than 4 weeks written notice. Tenancies longer than 12 months but less than 10 years = no less than 8 weeks written notice. Tenancies longer than 10 years = no less
Changes in Residential Tenant and Landlord Notice Periods Read More »
It seems like only last week we were posting this for Christmas 2020… We’ll be closed for Christmas from Thursday 23rd December 2021 until Tuesday 4th January 2022. Wishing you all a Happy Christmas and a prosperous New Year.
Please note the office will be closing on Friday 9th July 2021 for the 12th week. We will be reopening on Monday 19th July, suitably refreshed and raring to go!
I was talking to someone earlier this who said if she’d known how she’d have incorporated her business, i.e. become a limited company. Instead, she continues to trade under her own name. There is nothing inherently wrong with this but it can lead to paying higher taxes or exposure of personal assets to liabilities of
