TAX
Stamp duty land tax (SDLT)
1. For transactions with an effective date (usually completion) on or after 1 March 2019, the due date for the payment of SDLT is now 14 calendar days after the effective...
What happens if I move to or from the UK?
An individual who is UK resident is taxed on their worldwide income and gains. A non UK resident is generally only liable to pay tax on income arising from UK sources, and capital gains derived from residential property located in the UK.
Thinking of moving to the UK?
UK tax residents are subject to UK tax on their worldwide income and gains on an arising basis. UK tax residence is determine by the Statutory Residence Test.
P11D deadline approaching!
6 July 2018 is the deadline for employers to submit forms P11D detailing any benefits in kind received by their staff in the 2017/18 tax year (such as private medical...
What happens if I get married?
Although it’s usually not the main reason people choose to get married or enter into a civil partnership, there are a number of tax benefits which only apply to married...
Last chance for participators in tax avoidance schemes?
Individuals who participated in disguised remuneration tax avoidance schemes (which typically involved money being moved to an offshore trust, EBT or EFRB before being loaned...
What happens if… My marriage fails?
Tax is unlikely to be at the forefront of an individual’s mind when they are going through a separation. However, a lack of tax planning in these circumstances can result in...
Are you aware of the recent changes to the taxation of termination payments?
There is a common misconception that the first £30,000 paid to an employee on the termination of their employment is free from income tax…
ATED – Do you know when your return is due?
Have you completed your 2018-19 ATED return due by 30 April? The Annual Tax on Enveloped Dwellings (“ATED”) applies to companies that own UK residential property valued at...
Tax codes and collecting tax on untaxed interest
If you are not within self-assessment and have interest in excess of the savings allowance (£1,000 for basic rate taxpayers; £500 for higher rate taxpayers), HMRC will use...
ISAs – inherited on death
Simplifying ISAs Inherited on Death ISAs inherited on death have become more straightforward following changes for deaths after 5 April 2018. These updates allow ISAs to...
Trust Register
Extended Deadlines for Registering Trusts: What You Need to Know Keyword phrase: “trust registration deadline extension” HMRC has recently announced a trust...