If a house transferred between spouses or between civil partners, of each other. And who are living together? whether by sale or by gift, the period of ownership of the transferee treated by TCGA 1992 s222(7). (a) as beginning at the beginning of the period of ownership of the transferor. This also applies where the house transferred from one to the other on death.
3 Ways to Make Property Transfer Easier Between Spouses Read More »
Subject to some exemptions, a child may have taxable income which is chargeable; however, the child will have full entitlement to personal allowances and reliefs.
What’s Children Tax? How Can One Have Full Entitlement to It? Read More »
Buying a house, Remortgaging, or applying for a UK visa for your loved one can be a stressful process. To its Visa, Mortgage, or loan, you will need SA302 from HM Revenue & Customs. Back in the days, would need to call the HMRC and ask for them to send you a printed copy for your lender or home office. This cannot email or fax so relies on the HMRC post, which can take anything up to two weeks.
How to Print an SA302 from the HMRC Website Read More »
Are you thinking of giving Christmas gifts to your loved ones? With Christmas less than a week away, you may now be panicking about what
Inheritance Tax on Gifts for Christmas Read More »
Tax regulations on entertainment cost deductibility are strict and sometimes confused. The fact that the cost paid for business reasons does not make it exempt. Subject to certain limited exceptions. No deduction allowed for the business entertainment and gifts in calculating taxable profits.
Is Entertainment Allowable Expenses? Read More »
From 6 April 2020, how carbon dioxide emissions for cars measuring change. Moving from the New European Driving Cycle (NEDC). It utilizes the WLTP for
What is Zero Emission Car? Read More »
Are you looking for information regarding joint tenants vs tenants in common, well, you are on the right page if so. You must have plans
Difference Between Joint Tenants vs Common Tenants Read More »
Is interest on Loan Allowable expense? Subject to certain conditions and restrictions. Tax relief will generally be available for interest paid on loans, or overdrafts.
Is Interest on Loan Allowable Expense? Read More »
Special tax rules apply to scholarships, which include exhibitions, bursaries or other similar education endowments.
Educational Scholarships For Employees or Their families Read More »
tamp duty land tax (SDLT) is on residential property. Which applies to land that forms the garden or grounds of the property. To ensure that the right rate of SDLT applied there, it is important to learn. Whether any land purchased with a property makes up its garden or grounds.
Stamp Duty Land Tax on Residential Property Read More »
