gains Tax Advice on Cryptocurrency and Cryptoassets 25 January 2022 Mike Wakeford 0 comments There are a number of myths centred around the taxation of cryptoassets in the UK, one of these myths is that cryptoassets are viewed as a ‘winning’ similar to gambling or playing the lottery and so therefore they fall outside the scope of UK taxation, but this is not the case. Read more Selling shares? 25 October 2019 Mike Wakeford 0 comments As a general rule, if you sell shares for more than you paid for them, any profit you make will be chargeable to Capital Gains Tax (CGT). Read more HMRC to speed up capital gains tax payments for residential property sales 4 May 2018 Peter Richardson 0 comments Payments on account required from April 2020. Read more HMRC to speed up capital gains tax payments for residential property sales 4 May 2018 Peter Richardson 0 comments Payments on account required from April 2020. Read more Determine your main residence 27 April 2018 Jonathan Green 0 comments Most people know that you do not pay Capital Gains Tax when you sell your main residence because you automatically qualify for a tax relief called Private Residence Relief. Read more Determine your main residence 27 April 2018 Jonathan Green 0 comments Most people know that you do not pay Capital Gains Tax when you sell your main residence because you automatically qualify for a tax relief called Private Residence Relief. Read more Should we give shares to children and pay £5,000 dividends tax free? 23 May 2017 Angela Evans 0 comments The introduction of the £5,000 tax free dividend allowance has tempted many family company shareholders to give shares to other family members so that they can be paid £5,000 a year tax free. (Note that this allowance reduces to £2,000 from 6 April 2018). Read more Should we give shares to children and pay £5,000 dividends tax free? 23 May 2017 Angela Evans 0 comments The introduction of the £5,000 tax free dividend allowance has tempted many family company shareholders to give shares to other family members so that they can be paid £5,000 a year tax free. (Note that this allowance reduces to £2,000 from 6 April 2018). Read more Making the most of your tax free allowances 21 October 2016 Mike Wakeford 0 comments On 6 April 2016 the Government introduced a number of changes that have consequences for your personal finances. Firstly, the tax-free personal allowance, the amount you are allowed to earn before income tax becomes payable increased to £11,000. Read more Making the most of your tax free allowances 21 October 2016 Mike Wakeford 0 comments On 6 April 2016 the Government introduced a number of changes that have consequences for your personal finances. Firstly, the tax-free personal allowance, the amount you are allowed to earn before income tax becomes payable increased to £11,000. Read more Business expenses you can claim 18 July 2016 Mike Wakeford 0 comments Basically, you can claim for most expenses that are incurred wholly and exclusively for the purposes of a trade. Unfortunately, most of the decision making by HMRC on this topic is guided by tax law, which has been inconsistent. Read more Business expenses you can claim 18 July 2016 Mike Wakeford 0 comments Basically, you can claim for most expenses that are incurred wholly and exclusively for the purposes of a trade. Unfortunately, most of the decision making by HMRC on this topic is guided by tax law, which has been inconsistent. Read more
Tax Advice on Cryptocurrency and Cryptoassets 25 January 2022 Mike Wakeford 0 comments There are a number of myths centred around the taxation of cryptoassets in the UK, one of these myths is that cryptoassets are viewed as a ‘winning’ similar to gambling or playing the lottery and so therefore they fall outside the scope of UK taxation, but this is not the case. Read more
Selling shares? 25 October 2019 Mike Wakeford 0 comments As a general rule, if you sell shares for more than you paid for them, any profit you make will be chargeable to Capital Gains Tax (CGT). Read more
HMRC to speed up capital gains tax payments for residential property sales 4 May 2018 Peter Richardson 0 comments Payments on account required from April 2020. Read more
HMRC to speed up capital gains tax payments for residential property sales 4 May 2018 Peter Richardson 0 comments Payments on account required from April 2020. Read more
Determine your main residence 27 April 2018 Jonathan Green 0 comments Most people know that you do not pay Capital Gains Tax when you sell your main residence because you automatically qualify for a tax relief called Private Residence Relief. Read more
Determine your main residence 27 April 2018 Jonathan Green 0 comments Most people know that you do not pay Capital Gains Tax when you sell your main residence because you automatically qualify for a tax relief called Private Residence Relief. Read more
Should we give shares to children and pay £5,000 dividends tax free? 23 May 2017 Angela Evans 0 comments The introduction of the £5,000 tax free dividend allowance has tempted many family company shareholders to give shares to other family members so that they can be paid £5,000 a year tax free. (Note that this allowance reduces to £2,000 from 6 April 2018). Read more
Should we give shares to children and pay £5,000 dividends tax free? 23 May 2017 Angela Evans 0 comments The introduction of the £5,000 tax free dividend allowance has tempted many family company shareholders to give shares to other family members so that they can be paid £5,000 a year tax free. (Note that this allowance reduces to £2,000 from 6 April 2018). Read more
Making the most of your tax free allowances 21 October 2016 Mike Wakeford 0 comments On 6 April 2016 the Government introduced a number of changes that have consequences for your personal finances. Firstly, the tax-free personal allowance, the amount you are allowed to earn before income tax becomes payable increased to £11,000. Read more
Making the most of your tax free allowances 21 October 2016 Mike Wakeford 0 comments On 6 April 2016 the Government introduced a number of changes that have consequences for your personal finances. Firstly, the tax-free personal allowance, the amount you are allowed to earn before income tax becomes payable increased to £11,000. Read more
Business expenses you can claim 18 July 2016 Mike Wakeford 0 comments Basically, you can claim for most expenses that are incurred wholly and exclusively for the purposes of a trade. Unfortunately, most of the decision making by HMRC on this topic is guided by tax law, which has been inconsistent. Read more
Business expenses you can claim 18 July 2016 Mike Wakeford 0 comments Basically, you can claim for most expenses that are incurred wholly and exclusively for the purposes of a trade. Unfortunately, most of the decision making by HMRC on this topic is guided by tax law, which has been inconsistent. Read more