Oct 27, 2021 | Personal Tax
Capital gains tax property payment window extended Not included in the speech, but an important announcement nonetheless, was a change to property payment window for capital gains tax. The deadline by which any capital gains tax on the sale of UK residential property...
Oct 25, 2021 | Personal Tax
Ahead of this week's Budget, the Association of Accounting Technicians (AAT) has called on the Government to double the current 30-day reporting deadline for capital gains tax on residential property to 60 days. The reporting requirement, which came into effect in...
Oct 19, 2021 | Personal Tax
Seven in ten people face paying a bigger inheritance tax (IHT) bill than they might need to, a survey suggests, despite the fact that four in ten are concerned about paying the tax. The research, co-sponsored by Canada Life and AKG, revealed that three-quarters of...
Oct 6, 2021 | Personal Tax
The stamp duty land tax holiday in England and Northern Ireland has come to an end, more than 14 months after it first came into effect. The tax break saw most buyers who purchased residential homes for £500,000 or less pay no stamp duty land tax until 30 June 2021,...
Sep 24, 2021 | Personal Tax
The Office for Tax Simplification (OTS) has published an analysis of the advantages and disadvantages of a change to the date of the end of the tax year for individuals. The 70-page review considers the implications of moving the tax year to 31 December and 31 March....
