Personal & Marriage Allowance, Income Tax and Loans
In a series of blogs we will be providing a summary of some of the changes, starting with the personal allowance and marriage allowance.
Budget 2021 – Capital Gains Tax on the Disposal of Residential Property
In the documents released following the Chancellor’s Budget there is some positive news for those who are considering selling a second UK residential property or one which you lived in and then let out.
Budget 2021 – Personal Tax Update – Income Tax
In the Chancellor’s Budget, he has announced that the personal allowance and income tax rate bands from 6 April 2021 for the next five years will be frozen.
2019-20 Self-Assessment – Late Payment Penalties
Shortly before the 31 January 2021 filing deadline for 2019-20 self-assessment tax returns, HMRC announced that the late filing penalty of £100 would not be charged to any taxpayer who submits their 2019-20 by 28 February 2021.
Changes to Capital Gains Tax Calculations and Reporting Requirements
From 6 April 2020 the capital gains tax regime on the sale of residential property will be changing. In this blog., Anthony looks at these changes to Capital Gains Tax Calculations and Reporting Requirements.
Record levels of Capital Gains & Inheritance Tax collected last year!
HMRC have revealed that the amount of capital gains tax and inheritance tax collected in 2018/19 hit record levels.