• Gifts to spouse or charity

    In most cases, there is no capital gains tax (CGT) to be paid on the transfer of assets to a spouse or civil partner. There is, however, still a disposal that has taken place for

  • IHT claiming business relief

    There are a number of reliefs available that can reduce liability to Inheritance Tax (IHT) if you inherit the estate of someone who had died.

    One of these reliefs is known as IHT

  • Paying stamp duty on share transfers

    Stamp Duty is paid on shares bought on a stock transfer form. A stock transfer form is the standard form used for transfers of shares from one person to another. If you use a stock

  • What qualifies for First Year Allowances

    Businesses can claim a 100% first-year allowance (FYA) on the purchase of certain qualifying Plant and Machinery (P&M). The cash-flow benefit of accelerated tax relief is

  • Tax Diary November/December 2022

    1 November 2022 – Due date for Corporation Tax due for the year ended 31 January 2022.

    19 November 2022 – PAYE and NIC deductions due for month ended 5 November 2022. (If you pay

  • 3-months to Self-Assessment filing deadline 2021-22

    There are now less than 3-months to file your 2021-22 Self-Assessment tax return electronically. Last year over 12.5 million taxpayers were required to complete a Self-Assessment

  • Directors and National Minimum Wage

    Company directors or any other person who has been appointed to a position by a company or organisation but doesn’t have a contract or receive regular payment as office holders are

  • SA taxpayers target for fraudsters

    Fraudsters are continuing to target taxpayers with scam emails in advance of the deadline for submission of Self-Assessment returns for the 2021-22 tax year. In fact, in the 12

  • Flexible subsidies for businesses from 2023

    The Department for Business, Energy and Industrial Strategy has announced that the new UK subsidy regime will come fully into force from 4 January 2023 when the Subsidy Control Act

  • Private Residence Relief garden and grounds

    In general, there is no Capital Gains Tax (CGT) on a property which has been used as a main family residence. This relief from CGT is commonly known as private residence

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