It is often said that inheritance tax (IHT) is a voluntary tax, and one that can be avoided if you...
Explore more
Topic:
All
HMRC are sending one-to-many ‘nudge’ letters to taxpayers who included an invalid claim for gift...
Owners of personal and family companies frequently pay themselves a small salary and extract...
Main residence relief is a valuable relief which prevents a tax charge arising where a gain is...
28 Nov 2023
Reporting residential property gains
If you make a chargeable gain on the sale of a UK residential property, you will need to report the...
Private residence relief means that you do not have to pay capital gains tax on any gain that you...
29 Sep 2023
Autumn Statement date set for 22 November
The Treasury has announced that the Office of Budget Responsibility (OBR) will produce a report on...
HMRC have sent out nudge letters to taxpayers who they believe may have claimed Business Asset...
18 Nov 2022
Chancellor's Autumn Statement...
The Chancellor announced his Autumn Statement yesterday. We already knew that he was going to raise...
14 Nov 2022
What to expect on Thursday....
Jeremy Hunt is scheduled to deliver his first Autumn Statement on Thursday (17 November). Reports...
14 Nov 2022
Own a Buy to Let? Then read on...
If you own a property which is let out, HMRC may contact you with a "nudge letter'', if they...
If you own property there are a number of tax implications which you need to be aware of.
HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1...
25 Jul 2022
Tax-efficient finance for your company
HMRC have recently updated their guidance for companies looking to attract investors to buy shares...
28 Jun 2022
Deferring capital gains tax on a business asset
The potential to be charged capital gains tax (CGT) arises with the sale or gift of an asset....
The main residence exemption applies for capital gains tax purposes to the extent that a property...
28 Jun 2022
Giving away money free of IHT
Most people do not want to give money to the taxman when they die. However, while it is said that...
If you’ve made an R&D claim and are wondering where the payment is, HMRC has recently released this...
The Annual Tax on Enveloped Dwellings (ATED) is a tax on high-value residential properties that are...
The nature of a gift is that it is something that is given without receiving a payment in return....
The age-old question for many directors is whether they should take a salary, dividends, or both....
If you realise a chargeable gain on a UK residential property, you now have 60 days rather than 30...
17 Mar 2022
Using your annual exempt amount for 2021/22
All individuals are entitled to an annual exempt amount for capital gains tax purposes. Net gains...
16 Feb 2022
Tax Rates and Allowances - 2022/23
Sometimes it can be difficult to find the most recent tax rates for any given type of tax. We've...
Where a chargeable gain arises in respect of a UK residential property, since April 2020, the gain...
5 Nov 2021
HMRC say ‘play or repay’ on SEISS grants
HMRC are currently writing to taxpayers who made a claim for one of the first three COVID-19 Self...
5 Nov 2021
Registering your trust with HMRC
It is now a requirement that all UK trusts, whether taxable or non-taxable, must be registered with...
Over the last year we’ve learnt that corporation tax will increase in 2023, and that there will be...
The announcements by the Prime Minister of a 1.25% rise in National Insurance Contributions (NICs)...
23 Apr 2021
Landlords buying a second home - know your taxes
All homeowners are subject to Stamp Duty Land Tax (SDLT), as well as potential Capital Gains Tax...
17 Feb 2020
Budget 2020- Entrepreneurs Relief at risk?
With the new Government's first budget due in just under a month (11 March), there has been...
21 Jan 2020
CGT Reliefs
Investors need to have a clear understanding of what tax reliefs are available to them prior to...
It’s a great place to work
At Inform Accounting, what we do is about so much more than making money and helping our clients manage theirs.
