Capital gains on residential properties
At present, capital gains tax is payable on 31 January following the end of the tax year in which the gain takes place. This rule is about to change for residential properties. As from 6 April 2020, if you are selling a residential property on which capital...
Tax and the current political situation
As I write these words, I have just heard that we are going to have a General Election on 12th December 2019. I was listening to the Today Programme on Radio 4 in which someone from the CBI, and a business owner, were being interviewed as to the business climate...
Overseas Tax
I am taking a quick break from my series of postings on cars and companies for a word on overseas tax. We have a number of French speaking clients. I have taken calls from a few of them recently expressing concern at the current arrangements for sharing...
Cars and Companies (Part 1)
I get a lot of questions about the tax and accounting treatment of your car if you operating a Limited Company. Although in theory it ought to be simple, in practice there are probably more complications for this area of tax and accounting than anything else...