CGT and Chattels
A charge to Capital Gains Tax (CGT) usually arises after an asset is sold. However, there are special rules concerning…
Clear, practical guidance on UK tax for individuals, landlords and businesses, covering everyday obligations, planning opportunities and important deadlines.
Recent articles from this topic and all its specialist areas.
A charge to Capital Gains Tax (CGT) usually arises after an asset is sold. However, there are special rules concerning…
Entrepreneurs' relief applies to the sale of a business, shares in a trading company or an individual’s interest in a…
Where a taxpayer owns a business as a sole trader or in partnership, a Capital Gain will be deemed to…
The Help to Save scheme for people on low incomes was launched in September 2018. The scheme allows those in…
A PAYE Settlement Agreement (PSA) enables the employer to pay the tax and National Insurance instead of the employee on…
Many homeowners have taken advantage of sites such as Airbnb to let out a spare room on a temporary basis…
It is permissible for a business to claim a tax deduction for the cost of a reasonable wage paid to…
Two changes to the way Private Residence Relief works are due to come into effect from April 2020. These changes…
Most VAT registered businesses with a turnover above the VAT threshold need to be ready to keep digital records for…
The weekly rates of child benefit for the only or eldest child in a family is currently £20.70 and the…
There are special rules for the taxation of post-cessation receipts after a trade has ceased. The legislation clearly states that…
A Close Company is broadly defined as a company that is controlled by: five or fewer participators or any number…
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