CAPITAL GAINS TAX ON RESIDENTIAL PROPERTY: 30 DAY REPORTING
Since 6 April 2020 UK residents disposing of residential property where a chargeable gain arises need to report and pay any Capital Gains Tax (CGT) due within 30 days of […]
Insights
IHT Planning Masterclass – 12 October
If you are trying to reduce or mitigate your potential IHT liability this is the masterclass for you. Our expert panel will walk you through the technical detail, providing you […]
Disruptions to the financial advice industry: Are Tax simplifications to blame?
The future holds uncertainty for the tax and financial advice industry, with talks of potential increases in capital gains tax and proposed changes to the inheritance tax regime. Therefore, it […]
Self employment income support scheme (SEISS) Updated 12/07/2021 – see whether you may qualify
The Chancellor of the Exchequer issued a financial package targeted at those who derive the majority of their income from self-employment who are facing hardship due to the Covid-19 pandemic, […]
Principal Private Residence Tax Relief
With land in many parts of the country being at a premium, what potential tax issues should a home owner be aware of if they decide to harvest the wealth […]
Your tax checklist for selling your B2L portfolio
Craig Hughes – Personal Tax Specialist Many buy-to-let property investors have had issues with the introduction of unfavourable tax policies in the last couple of years. With potential future increases […]
What If you can’t pay your self assessment income tax bill on time
If you find in this time of uncertainty that you are unable to pay your self assessment income tax liability, there is help at hand. If you have already missed […]
Statutory Residence Test (SRT)
The rules regarding residency, previously based on outdated guidance and case law, were finally replaced by the Statutory Residence Test with effect from 6 April 2013. These aim to provide […]
The reliefs for jointly held property on divorce
The breakdown of a marriage/civil partnership is very rarely easy, and the most common disputes generally arise over a couples’ assets, specifically the family home. Tax is often overlooked on […]
Chris Gillman features in ‘Top 35 under 35’ ePrivateclient list 2020
We are delighted to announce that Chris Gillman, Director and member of the private client team at Menzies, has been recognised by ePrivateclient as part of their ‘Top 35 Under […]
Changes to Capital Gains Tax on the disposal of UK property
Important changes to the deadline for reporting and payment of CGT on the disposal of UK property, these changes apply to both UK and Non-UK Residents. What has changed? From […]
Why now is the time to consider your IHT exposure
Article curated by Assistant Manager Conor McManus With the financial impact of Covid-19 clear to see, many of our clients have been in touch to ask for our thoughts on […]
A guide to submitting Self-Employment Income Support Scheme (SEISS) claim
HMRC have now updated their guidance so that individuals can log in and check if they are eligible for the self-employment income support scheme grant. HMRC’s system will also provide […]
Remittances to the UK
Sehjal Gupta – Private Client Director UK resident individuals are generally taxed on the arising basis which means they are liable to pay UK tax on worldwide income and gains, […]