VAT FRS TEMPORARY RATE REDUCTIONS CONFIRMED
In the Government’s Summer Update on 8 July 2020, the Chancellor announced a six-month reduction in the VAT rate on supplies of food and […]
REDUCED PROPERTY TRANSACTION CHARGES
Recent research revealed that property transactions fell by more than 50% in May and house prices have fallen for the first time in eight […]
CGT REPORTING DEADLINE
Under new rules capital gains tax (CGT) on disposals of UK residential property must be reported by 31 July to avoid a penalty. Finance […]
MANAGING LISAs ON DEATH OR TERMINAL ILLNESS
Lifetime ISAs (LISAs) continue to provide a tax-efficient savings vehicle for investors as there will be no income tax to pay on interest earned […]
BUSINESS ASSET DISPOSAL RELIEF UPDATE
The Spring Budget 2020 announced a significant restriction on future availability of entrepreneur’s relief (ER) for individuals who dispose of all or part of […]