New 30 day CGT regime for residential property disposals PART 2 OF 3

PAYMENT OF CGT As well as submitting a capital gains tax UK property disposals return within 30 days following the date of completion, the taxpayer should make a ‘payment on account’ in respect of the disposal. This payment deadline applies unless: the disposal results in a loss ― which means no tax is payable; the amount....
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Check your HMRC post! (or pay someone to check it for you)

In the process of preparing a 2019/20 Return for a client, I have just been granted agent access to their HMRC Self-Assessment account.Self-Assessment Returns were issued for the years ended 5 April 2014, 5 April 2015 and 5 April 2016 and are currently outstanding.Late filing penalties have accrued on the account in the sum of £3,300 - taxpayer app....
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Catax 5 Services Explained.

Embedded Capital Allowances Tax ReliefEmbedded Capital Allowances tax relief offsets the hidden expenditure in a commercial property. Typically, this tends to include embedded elements within the property such as air conditioning, wiring, heating, lighting, and security systems. All UK taxpayers that own commercial property, personally or withi....
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4 THINGS YOU NEED TO CONSIDER BEFORE SELLING YOUR BUSINESS

Business owners work hard all their life to build a business and so it’s only natural for them to want to ensure they realise the hard-earned gains as tax efficiently as possible when they eventually sell. Fortunately, with some considered pre-planning, it’s possible to reduce the amount of tax paid, whilst ensuring the business is structured corre....
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Deemed UK domicile nudge letters

Another month, another set of nudge letters being issued by HMRC.This time around, HMRC are sending "One to Many Letters" to individuals who may have become deemed domiciled in the UK under the law changes from 6 April 2017.Briefi....
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