capital taxation Archives - Page 17 of 22 - Whitefield Tax - Isle of Wight Accountants

A garden by any other name – CGT Permitted Area

by Jessica Garbett | Jul 10, 2017 | ACCA, capital taxation, property taxation

The ‘permitted area’ around a residential property qualifies for private residence relief from capital gains tax The area of garden and grounds of a person’s residence that qualifies for capital gains tax relief is referred to in the legislation as the ‘permitted...

IHT changes on the horizon

by Jessica Garbett | Jun 1, 2017 | ACCA, capital taxation

Inheritance tax threshold increased to £1m by 2020-21. From 6 April 2017, a new inheritance tax Residence Nil Rate Band (RNRB) is available (in addition to an individual’s own nil rate band (NRB) of £325,000), conditional on the family home being passed down to...

Non-dom IHT changes come into force

by Jessica Garbett | May 3, 2017 | ACCA, capital taxation, personal taxatation

Changes bring tax treatment into line with UK-domiciled residents. We are on the verge of the implementation of the changes to the non-domicile (‘non-dom’) regime announced in the summer 2015 Budget. Until now, offshore companies, whose shares have been classed as...

Residential IHT nil-rate band increases

by Jessica Garbett | Mar 29, 2017 | ACCA, capital taxation

Changes could lead to a saving of up to £140,000. When the government increased the nil-rate band in 2009 to £325,000, it forecast that it would remain the same until 5 April 2021. But in the summer Budget 2015, the government announced it would phase in a new...

Non-dom IHT changes come into force

by Jessica Garbett | Mar 27, 2017 | ACCA, capital taxation

Changes bring tax treatment into line with UK-domiciled residents. We are on the verge of the implementation of the changes to the non-domicile (‘non-dom’) regime announced in the summer 2015 Budget. Until now, offshore companies, whose shares have been classed as...

Probate fees may rise

by Jessica Garbett | Mar 23, 2017 | ACCA, capital taxation, personal finance, personal taxatation

Government says reforms would improve efficiency and generate around £300m. The government has responded to the consultation ‘to reform fees for grants of probate’. It expects that these changes should be one step ahead to increase efficiency and deliver a better...

A garden by any other name – CGT Permitted Area

IHT changes on the horizon

Non-dom IHT changes come into force

Residential IHT nil-rate band increases

Non-dom IHT changes come into force

Probate fees may rise

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