The Taxation of Cryptocurrency
Cryptocurrency is a complicated concept and the following text gives HMRC’s view on the basic rules. Modern cryptocurrencies were first described in 1998 but the
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News
Enquiry or Discovery – What is the Difference?
Most taxpayers know that they must adhere to a rigid timetable for the submission of tax returns and claims, otherwise either penalties are levied or
Enquiry or Discovery – What is the Difference? Read More »
Rebuild Your Pension Pot with Rental Income
A self-invested personal pension (SIPP) can be an attractive option for saving for retirement and is one that is popular with company directors. Under a
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Make Use of Simplified Expenses
If you run your property business from home, you may wish to use simplified expenses to claim relief for associated household costs. You can also
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Releasing Equity from a Buy-to-Let: Watchpoints
Landlords who have benefited from rising property prices in recent years may wish to consider releasing equity now in case prices drop. This may be
Releasing Equity from a Buy-to-Let: Watchpoints Read More »
Beware of Gift Aid Clawback
Changing personal circumstances may mean that individuals who were previously taxpayers find that they are now non-taxpayers. If they are in the habit of making
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Full Expensing for Companies
The super-deduction, which allowed companies to claim an immediate deduction of 130% of their qualifying expenditure, came to an end on 31 March 2023. It
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Capital Gains Tax on Separation and Divorce
Spouses and civil partners enjoy certain tax breaks, including the ability to transfer assets between them at a value that gives rise to neither a
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Mileage Allowances – What Can You Pay Tax-Free?
Employees often need to undertake business trips and it is common practice to reimburse the employee’s fuel costs by means of a mileage allowance. The
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Pension Changes
In his March Budget, the Chancellor announced a number of changes to the pension tax rules, including an increase in the annual allowance and the