capital taxation Archives - Page 13 of 21 - Whitefield Tax - Isle of Wight Accountants

IHT: changes to residence nil rate band

by Jessica Garbett | Nov 9, 2018 | ACCA, budget, capital taxation

The value of any part of a residence that is inherited by an exempt beneficiary will be taken into account. Legislation will be introduced in Finance Bill 2018/19 to ensure that for deaths applying on or after 29 October 2018, the value of any part of a residence...

Capital gains tax: letting relief

by Jessica Garbett | Nov 5, 2018 | ACCA, budget, capital taxation

Reforms due from April 2020. From April 2020 the government will reform lettings relief so that it only applies in circumstances where the owner of the property is in shared occupancy with the tenant. The final period exemption will also be reduced from 18 months to...

Autumn Budget 2018 – Our Summary

by Jessica Garbett | Oct 30, 2018 | budget, business issues, business taxation, capital taxation, IR35, personal taxatation, property taxation, PSC

Our initial review of yesterdays Budget, including the news that reverse IR35 will come into the Private Sector from 2020, is now up on our website: Autumn Budget 2018

Myths about ATED returns

by Jessica Garbett | May 22, 2018 | ACCA, capital taxation, property taxation

Dispelling myths around Annual Tax on Enveloped Dwelling (ATED) rules. Annual Tax on Enveloped Dwelling (ATED) rules have been around for more than five years but some still find them confusing for basic questions like: why a return is required if there is no ATED to...

All change for intangibles fixed assets

by Jessica Garbett | Apr 24, 2018 | ACCA, business issues, business taxation, capital taxation

Changes in the pipeline for the corporate intangibles fixed assets regime As announced in the Autumn Budget, HMRC has launched a consultation document on a review of the corporate intangibles fixed assets regime (19 February 2018). Background The Intangible Fixed...

Discovery Assessments – HMRCs Powers

by Jessica Garbett | Mar 19, 2018 | ACCA, business taxation, capital taxation, enquiries and tax disputes, HMRC, personal taxatation

Understanding the time limits for discovery assessments. The legislation that gives the power to HMRC to make a discovery assessment is section 29 Tax Management Act (TMA) 1970. Requirements for a discovery assessment HMRC cannot generally raise a discovery assessment...

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IHT: changes to residence nil rate band

Capital gains tax: letting relief

Autumn Budget 2018 – Our Summary

Myths about ATED returns

All change for intangibles fixed assets

Discovery Assessments – HMRCs Powers

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