Non-domicile or non-sense

Non-domicile or non-sense

Once again, tax has been making the news with the Chancellor’s wife, Akshata Murty, dominating headlines as a result of her non-domicile status. The quality of the reporting I have come across on this topic, so far, has been poor

Read more...

Beware undisclosed property income!

Beware undisclosed property income!

Undisclosed property income has long been on HMRC’s radar and its data sharing system has made it easier to pursue those taxpayers at fault. Last month, Reuters reported on an investigation into the UK arm of Airbnb, conducted by HMRC,

Read more...

Stamp duty surcharge on non-resident property transactions

Stamp duty surcharge on non-resident property transactions

The government has issued draft legislation outlining how the two per cent Stamp Duty Land Tax (SDLT) surcharge will apply to non-resident property transactions. ‘Relevant period’ for stamp duty residence test From 1 April 2021, the number of days a

Read more...

Future Fund announced to support struggling start-ups

Future Fund announced to support struggling start-ups

The UK Government has unveiled a new £1.25bn Future Fund, which will be delivered in partnership with the British Business Bank. The fund, which will be run until at least the end of September, is designed to ensure that early

Read more...

Inheritance Tax and Estate planning: Why is it so important?

Inheritance Tax and Estate planning: Why is it so important?

UK Inheritance Tax (IHT) receipts are currently at an all time high, hitting a record £5.4bn in 2018/19, and only look set to grow again in the coming year. The nil-rate band (NRB), now in its tenth year of being

Read more...

Categories

Archives