With immediate effect UK residents and non-UK residents will have 60 days in which to file a CGT return on the disposal of residential property, rather than the previous 30 days. With effect from 1st April 2022 A new levy (another word for tax but not using the word “tax”) is to be imposed to

Headlines Draft legislation for the new RPDT has been published. Applies to IAS groups which exceed £25m of profits from residential development. Wide scope of activities, but narrow scope of residential e.g. care homes are not included. There is a temporary increase in all NIC rates for 1.25% for 2022/2023. For 2023/2024 onwards, a new

I recently took part in a webinar hosted by the Great Britain-Cyprus Business Association. My presentation was titled ‘Inbound to the UK in 2011 compared to post Brexit 2021 and what is coming in 2022’. It can be viewed at 14:10. Download presentation

Headlines SDLT on residential property is now subject to a 2% surcharge for non-UK resident individuals and non-UK “close” companies controlled by non-UK participators. If your company is currently making a trading loss, because of COVID or otherwise, then you can carry that back and set it against, and therefore reclaim, corporation tax paid in

This is a useful reminder on the value of recitals. We are also advising lawyers and clients to draft board meetings reflecting real life, and say why xyz is being done; because in a few year’s time they will be calling me and asking me if I remember why. We can see “what”, but “why”.

First some important facts[1]: – The sun will rise, and later in the day, set.  It will still be winter in the Northern hemisphere.   There will be bills to pay, lots of them, hangovers to nurse, and time will march on.   It will still be the case that anyone who wants to be a politician

Wellcome Trust Limited[1]. At first sight, utter madness.  What next, individuals having to reverse charge VAT if they watch a pay per view channel like HBO[2]?   Letter to the Telegraph from Disgusted of Tunbridge Wells. Welcome (no pun intended) to the bizarre and crazy world of the non-taxable legal person[3].  Should be an easy case;

Financial Statement 8th July 2020 Today, Chancellor Rishi Sunak made a statement to restart the economy for the post Covid World. There are four main areas which benefit: Houses The hospitality, accommodation and attractions sector Jobs in certain key sectors Public infrastructure investment. Headlines No SDLT on the first £500,000 paid for houses. £5,000 towards

Emma Chamberlain’s article in Tax Journal 28 Feb 2020 postulates the issue of how to reform IHT.   She believes it needs wholesale reform and in particular tackle issues such as gifts from those with no nexus to the UK. Don’t you think they might be paying tax at home? However, I have three major issues

The UK has ratified the UK / Gibraltar Double Tax Treaty which will therefore come into effect for UK tax purposes, on 1st March 2020 for UK withholding taxes, 1st April for corporation tax and 6th April for the purposes of income tax and capital gains tax. The obvious and immediate benefit is the elimination