capital taxation Archives - Page 10 of 22 - Whitefield Tax - Isle of Wight Accountants

Deeds of Variation for a Will

by Jessica Garbett | Oct 15, 2019 | ACCA, capital taxation

How beneficiaries can vary the outcome of a will. When to consider A deed of variation (also known as a deed of family arrangement) may be appropriate to consider either when there is a will or when someone dies intestate (without a will). If the beneficiaries (or at...

Taxation of shares transferred to a director or employee

by Jessica Garbett | Oct 11, 2019 | ACCA, business taxation, capital taxation, personal taxatation

Understanding how to account for employee securities and shares. Shares in companies are commonly used by employers to remunerate directors and employees. These are sometimes transferred under a formal plan which may have written rules which specify when and how many...

Land transaction taxes in Wales

by Jessica Garbett | Oct 7, 2019 | ACCA, capital taxation, property taxation

Key elements to remember in updated technical guidance. The technical guidance covering land transaction taxes in Wales, including alternative property finance relief, has been updated. It is important to remember some of the basic conditions on the second property...

Simple ways to reduce inheritance tax (IHT)

by Jessica Garbett | Aug 30, 2019 | ACCA, capital taxation

The ACCA share these top tips IHT is a tax on the value of the estate at death but also on chargeable transfers made with various reliefs available. When discussing matters with clients, care is required both during the lifetime and after death. Consider using these...

IHT Simplification Proposals

by Jessica Garbett | Aug 28, 2019 | ACCA, capital taxation

The Office of Tax Simplification (OTS) has presented a report to Parliament pursuant to section 186(4) (b) of Finance Act 2016 for simplifying the design of Inheritance Tax (IHT). Within this report, the OTS has outlined 11 recommendations to provide clarity and...

Principal Private Residence Relief – Changes from April 2020

by Jessica Garbett | Aug 23, 2019 | ACCA, capital taxation, personal taxatation, property taxation

The Finance Bill 2019/20 contains new rules on PPR relief. PPR relief is amended for disposals (exchange of contracts) on or after 6 April 2020. In summary, be aware of the following: PPR entitlement will be restricted during the final period of ownership to a period...

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Deeds of Variation for a Will

Taxation of shares transferred to a director or employee

Land transaction taxes in Wales

Simple ways to reduce inheritance tax (IHT)

IHT Simplification Proposals

Principal Private Residence Relief – Changes from April 2020

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