Breathing space from Capital Gains Tax for separating couples
Personal Tax

Breathing space from Capital Gains Tax for separating couples

1y David Wright , ATT technical officer

Breathing space from Capital Gains Tax for separat...

ATT technical officer, David Wright, provides an overview of the welcome relaxation to CGT provisions for separating couples looking to transfer asset...

View article
Q&A: Tilney Smith & Williamson on tax and cryptoassets
Tax

Q&A: Tilney Smith & Williamson on tax and cryptoassets

2y Sam Alberti

Q&A: Tilney Smith & Williamson on tax and cryptoas...

Accountancy Age spoke with associate director of tax at Tilney Smith & Williamson, James Carn, who outlined the unruly cryptoasset tax landscape and w...

View article
Accountants must “exercise vigilance” with cryptoassets, IFA warns
Tax

Accountants must “exercise vigilance” with cryptoassets, IFA warns

2y Institute of Financial Account...

Accountants must “exercise vigilance” with cryptoa...

John Edwards, CEO of the Institute of Financial Accountants (IFA) addresses the issues as well as opportunities around cryptoassets, amid the need for...

View article
Get the latest analysis and reports delivered to your inbox daily
Accountants must be “proactive” in crypto tax cases, experts warn
Tax

Accountants must be “proactive” in crypto tax cases, experts warn

2y Sam Alberti

Accountants must be “proactive” in crypto tax case...

In the absence of legislation, HMRC is now attempting to regulate crypto exchanges Read More...

View article
ATT welcomes extension of filing window for UK Property Reporting Service
Tax

ATT welcomes extension of filing window for UK Property Reporting Service

2y Idris Nagri

ATT welcomes extension of filing window for UK Pro...

ATT technical officer, Helen Thornley, outlines key details from the underreported extension to the filing window for CGT liabilities to the UK Proper...

View article
New residential property rules trip up vendors
HMRC

New residential property rules trip up vendors

3y Idris Nagri

New residential property rules trip up vendors

Back in March 2020, written pre-pandemic, I warned AccountancyAge readers that UK residents disposing of UK residential property could be in for a sho...

View article
Biden’s capital gains tax reforms could boost HMRC revenues
HMRC

Biden’s capital gains tax reforms could boost HMRC revenues

3y Aoife Morgan

Biden’s capital gains tax reforms could boost HMRC...

US President Joe Biden’s tax plans could incentivise US citizens based in the UK to disclose assets Read More...

View article
Holiday home investment: the tax implications
Tax

Holiday home investment: the tax implications

5y Idris Nagri

Holiday home investment: the tax implications

Now is a popular time to invest in holiday homes but what conditions must they meet? Read More...

View article
April tax change heralds record number of solvent company liquidations
More News

April tax change heralds record number of solvent company liquidations

8y Chris Warmoll , Writer

April tax change heralds record number of solvent ...

Change introduced to stop individuals ‘storing up’ profits in one company, winding it up and paying a reduced rate of CGT before starting again with a...

View article
An 'incomprehensible and contradictory' Budget
Accounting Firms

An 'incomprehensible and contradictory' Budget

8y Richard Crump , Writer

An 'incomprehensible and contradictory' Budget

George Osborne's Budget on 16 March had no discernible theme, write Robert Maas Read More...

View article
Budget 2016: Four Budget announcements sure to help UK business
Corporate Tax

Budget 2016: Four Budget announcements sure to help UK business

8y Idris Nagri

Budget 2016: Four Budget announcements sure to hel...

Top 20 tax partner breaks down budget and explores how it's going to boost UK businesses and increase productivity Read More...

View article
Autumn Statement: Chancellor launches attack on buy-to-let landlords with tax hike and CGT change
Personal Tax

Autumn Statement: Chancellor launches attack on buy-to-let landlords with t...

8y Richard Crump , Writer

Autumn Statement: Chancellor launches attack on bu...

Window for CGT payments slashed and stamp duty for second properties hiked in Autumn Statement Read More...

View article
Brits could take heed from Aussie buy-to-let tax concerns
Corporate Tax

Brits could take heed from Aussie buy-to-let tax concerns

9y Idris Nagri

Brits could take heed from Aussie buy-to-let tax c...

Osborne should be minded to see how Australian buy-to-let tax policies have shifted – or not – after much lobbying Read More...

View article
Analysis: NI and Scots tax devolution steps closer
Corporate Tax

Analysis: NI and Scots tax devolution steps closer

9y Andrew Goodall

Analysis: NI and Scots tax devolution steps closer

Andrew Goodall summarises progress to date on the devolution of tax powers to Northern Ireland and Scotland Read More...

View article
Over 55s could face five-pronged property tax hit
Accounting Firms

Over 55s could face five-pronged property tax hit

9y Chris Warmoll , Writer

Over 55s could face five-pronged property tax hit

PwC issue warning as new annuity reforms will allow people to unlock and withdraw their pensions in one lump sum Read More...

View article
Taxman scoops £110m in CGT underpayments
Personal Tax

Taxman scoops £110m in CGT underpayments

10y Kevin Reed , Writer

Taxman scoops £110m in CGT underpayments

HMRC recoups a third more in CGT underpayments and penalties in the last year, compared to 2011/12 Read More...

View article
Clegg: Tax foreign investment in London property
Personal Tax

Clegg: Tax foreign investment in London property

10y Calum Fuller , Reporter

Clegg: Tax foreign investment in London property

The deputy prime minister is looking to tap into the property investments of the super-rich as an additional source of revenue Read More...

View article
Deadline approaches for second home tax
Personal Tax

Deadline approaches for second home tax

11y Calum Fuller , Reporter

Deadline approaches for second home tax

Taxpayers who have sold second homes have a month to disclose and pay tax on undeclared profits Read More...

View article
£10m masterpiece qualifies as ‘plant and machinery’, tribunal rules
Corporate Tax

£10m masterpiece qualifies as ‘plant and machinery’, tribunal rules

11y Calum Fuller , Reporter

£10m masterpiece qualifies as ‘plant and machinery...

Capital gains tax is not chargeable on the sale of Sir Joshua Reynolds' 'Omai' portrait as it was part of the running of a stately home, a tribunal ru...

View article
HMRC in tax crackdown on second homes
Personal Tax

HMRC in tax crackdown on second homes

11y Calum Fuller , Reporter

HMRC in tax crackdown on second homes

HMRC launches a crackdown on undeclared profits derived from the sale of second homes Read More...

View article
Start-up backers encouraged to take up “generous” tax breaks
Corporate Tax

Start-up backers encouraged to take up “generous” tax breaks

11y Calum Fuller , Reporter

Start-up backers encouraged to take up “generous” ...

The Seed Enterprise Investment Scheme offers relief on capital gains tax Read More...

View article
£10m 'national treasure' in tax tussle
Corporate Tax

£10m 'national treasure' in tax tussle

11y Kevin Reed , Writer

£10m 'national treasure' in tax tussle

Sir Joshua Reynolds masterpiece in capital gains tax clash Read More...

View article
Tax-free funds would boost UK high-tech industry
Personal Tax

Tax-free funds would boost UK high-tech industry

12y Kevin Reed , Writer

Tax-free funds would boost UK high-tech industry

Tax-exempt funds are needed to boost investment in the high-tech sector, says the BioIndustry Association Read More...

View article
WPP boss Sorrell criticises income tax cut
Personal Tax

WPP boss Sorrell criticises income tax cut

12y Calum Fuller , Reporter

WPP boss Sorrell criticises income tax cut

Sir Martin Sorrell claims the cut in the top income tax rate to 45p is indicative of a "lack of dynamism" in economic policy Read More...

View article
Clegg calls for emergency tax on rich
Corporate Tax

Clegg calls for emergency tax on rich

12y Idris Nagri

Clegg calls for emergency tax on rich

Deputy PM Nick Clegg will argue for a "time-limited" extra tax on the UK's wealthiest people as politicians reconvene after their summer breaks Read M...

View article
Homeowners in France in legal fight over tax plans
Personal Tax

Homeowners in France in legal fight over tax plans

12y Calum Fuller , Reporter

Homeowners in France in legal fight over tax plans

Proposals by the French government could see owners of second homes in France hit with hefty tax hikes Read More...

View article
HMRC enquiries into capital gains tax boosts take 43%
Corporate Tax

HMRC enquiries into capital gains tax boosts take 43%

12y Calum Fuller , Reporter

HMRC enquiries into capital gains tax boosts take ...

The taxman gleaned a 43% higher yield in capital gains tax in 2011 than 2010 Read More...

View article