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.
Personal Tax
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.
All you need to know about Mortgage Interest Relief and Inheritance Tax
This Personal Tax Update looks at Mortgage Interest Relief and Inheritance Tax.
HM Revenue & Customs warns of landline scams
A warning has been issued by HM Revenue & Customs for anyone who has a landline to be careful when answering supposed calls from HMRC.
Gift aid- Unexpected tax liability
Gift aid has always been a way for individuals to make donations to the charity of their choice and for the charity to benefit where gift aid has been claimed.
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