Tax Question Of The Week: CGT PPR CHANGES

Tax Question Of The Week: CGT PPR CHANGES

I can recall that in the course of the 2018 Budget, changes were announced about the rules for some of the ancillary reliefs on disposals of private residences. I can see no new Legislation on these points. What is the current position please? You will be referring to...
TQOTW: SELF-ASSESSMENT PENALTIES

TQOTW: SELF-ASSESSMENT PENALTIES

Now that the self-assessment filing date of 31 January has passed once again, I would like to be able to understand and explain to clients the penalty regime that will apply if their returns have not been filed on time. Based on recent years HMRC will potentially...
Tax Question of the Week – SSP For Zero Hours Workers

Tax Question of the Week – SSP For Zero Hours Workers

Q:  We have a number of employees who are engaged on ‘zero hours’ contracts, and thus only work as and when required.  If they fall sick, will SSP be payable?     A: The employee will only qualify if they have average earnings at least equal to the NICs Lower Earnings...
Tax Question of the Week – Non-Resident Landlord

Tax Question of the Week – Non-Resident Landlord

Q: I used to live in the UK but have recently moved abroad. I have a residential property in the UK which I let out. A friend has mentioned that I should be receiving the income with tax deducted, is that correct?   A: As a non-resident, you remain liable to UK income...
Tax Question of the Week – Entrepreneurs’ Relief

Tax Question of the Week – Entrepreneurs’ Relief

Q: I have shares in four different property development companies along with different mixes of business partners and family members. I claimed Entrepreneurs’ Relief a year ago when a similar company was wound up. Does this mean I cannot claim ER on a future...

Pin It on Pinterest