capital taxation Archives - Page 21 of 22 - Whitefield Tax - Isle of Wight Accountants

CGT on property held by non-UK residents

by Jessica Garbett | Aug 2, 2014 | ACCA, capital taxation

The government has issued a consultation document on implementing a capital gains tax charge on non-residents disposing of UK property. The charge is to take effect from April 2015. The initial consultation period has closed and the government is considering the...

Finance Bill proposes further changes to the taxation of trusts

by Jessica Garbett | Jul 21, 2014 | ACCA, capital taxation, personal finance

Further ‘simplifications’ around the taxation of trusts in the pipeline. Prior to 22 March 2006, the taxation of trusts was relatively simple: there were settlements with an interest in possession and discretionary trusts. A special type of discretionary trust was an...

Inheritance tax update

by Jessica Garbett | Jun 12, 2014 | ACCA, capital taxation

Recent developments in inheritance tax legislation and new guidance from HMRC have given rise to changes to the inheritance tax code. Nil rate provision in legacy In the case of Loring v Woodland Trust, the transfer and use of Mrs Loring’s husband’s unused nil...

Social investment tax relief

by Jessica Garbett | May 16, 2014 | ACCA, business issues, capital taxation, HMRC

Following a consultation last year, Finance Act 2014 introduces a new form of tax relief onto the statute books, called social investment tax relief. The legislation is intended to encourage individuals to invest in social enterprises and obtain attractive tax reliefs...

Chargeable gains roll-over relief: reinvestment in intangible fixed asset

by Jessica Garbett | Apr 9, 2014 | ACCA, budget, capital taxation

Contributed by ACCA, in their own words Chargeable gains roll-over relief: reinvestment in intangible fixed asset Legislation will be introduced in the Finance Bill 2014 to amend section 156ZB TCGA 1992 to bring the corporation tax treatment of companies seeking to...

Private residence relief – final period rule

by Jessica Garbett | Apr 3, 2014 | ACCA, budget, capital taxation

Contributed by ACCA, in their own words Private residence relief – final period rule As announced at Autumn Statement 2013, the government will legislate to reduce the final period exemption from 36 months to 18 months in most cases from 6 April 2014. The final period...

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CGT on property held by non-UK residents

Finance Bill proposes further changes to the taxation of trusts

Inheritance tax update

Social investment tax relief

Chargeable gains roll-over relief: reinvestment in intangible fixed asset

Private residence relief – final period rule

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