Separation and divorce is an unfortunate fact of life. However, on the bright side, some long overdue changes (in your Tax Tuesday author’s opinion) to the capital gains tax (CGT) rules relating to separating couples are being introduced. While at this stage, the...
The Trust Registration Service (TRS) is part of the UK government’s anti-money laundering (AML) and counter terrorist financing efforts. The TRS itself was introduced in 2017 and so has been around for several years now. However, the scope of the reporting required...
Continuing demand for new housing nationally means property developers will remain on the lookout for appropriate land to buy for the foreseeable future. Many landowners are non-corporates such as farmers selling off surplus fields or householders selling off...
As we come out of the coronavirus pandemic, the various support packages which were available to individuals and businesses during this difficult time are fast becoming a thing of the past. It can therefore be easy to forget that there remains a more general support...
This week, in the last of our three-part series on the valuable tax reliefs available from EIS investments, we look at the capital gains tax (CGT) exemption. Conditions for the exemption to apply In order to get the CGT exemption, the taxpayer must have been eligible...
In our last Tax Tuesday, we considered EIS reinvestment relief (linked here) whereby an investment in shares in a qualifying EIS company can be used to defer a capital gain so it only ultimately comes into charge on the sale of the EIS shares themselves. This week we...
