More recent posts
-
Reporting requirements for Trusts and Estates
Last year the requirement to deduct tax at source on bank, building societies and National Savings and Investments (NS&I) income was removed and income from these sources is…
-
Maximising the tax efficiency of your jointly owned rental property
In light of recent tax changes, including the extent to which tax relief is available for finance costs (including mortgage interest), many buy-to-let landlords have been considering what…
-
Planned probate fee increases scrapped ahead of general election
The controversial planned increase in probate fees has been scrapped ahead of the general election. Probate fees, which must be paid by personal representatives of estates in order…
-
Parliamentary committee questions legality of probate fees increase
Probate fees, which must be paid by personal representatives of estates in order to obtain a grant of probate, are set to increase significantly from May 2017; moving…
-
New company car fuel rates
HMRC has published new ‘advisory fuel rates’ (AFR) for company cars, which apply to journeys from 1 December 2016. To give employers time to change their systems, for…
-
HMRC withholding tax relief on ‘in specie’ pension contributions
HMRC are reportedly withholding millions of pounds of tax relief from pension savers who have made ‘in specie’ pension contributions; the contribution of non-cash assets to a pension…
-
Autumn Statement 2016
Philip Hammond has delivered his first, and last, Autumn Statement, which included revised forecasts for the UK economy, new Government commitments on deficit and debt reduction, spending commitments…
-
Tough new sanctions for offshore tax evaders
Tax evaders are set to face tough new sanctions under plans detailed by HM Revenue and Customs today. The proposals will mean that those who do not come…
-
A pain in the annexe!
If you have acquired a residential property with an annexe since 1 April 2016 (or are in the process of so-doing), the correct level of Stamp Duty Land…