capital taxation Archives - Page 7 of 22 - Whitefield Tax - Isle of Wight Accountants

ACCA Year End Planning Tips

by Jessica Garbett | Feb 25, 2021 | ACCA, budget, business taxation, capital taxation, personal taxatation

With self-assessment season over, now it is time to think about year-end tax planning for their clients. Each year seems to bring with it something new and this year is certainly no exception. The main areas of interest this year will centre around taxpayers seeking...

Capital gains tax and divorce

by Jessica Garbett | Feb 3, 2021 | ACCA, capital taxation

When the breakdown of a marriage occurs, tax considerations are likely to be the last thing on the parties’ minds. However, the potential benefits which can arise from tax planning cannot be ignored, especially where it can be demonstrated that both of the parties...

A Handy Guide to Ten Common Tax Elections and Claims from ACCA

by Jessica Garbett | Dec 4, 2020 | ACCA, business taxation, capital taxation, personal taxatation

We look at some of the more common elections and claims which are useful tax planning or compliance tools. Some of these claims have strict time limits which should be given due consideration to avoid missing any deadlines. 1. Form 17 (Declaration of beneficial...

Could PPR relief and BPR disappear soon?

by Jessica Garbett | Nov 10, 2020 | ACCA, capital taxation

News that the government is preparing the ground for IHT and CGT reforms has been circulating for some time. Whilst the introduction of reform is yet to be announced, due to the Budget being delayed and the extent of tax changes required due to the impact of covid-19,...

Business assets disposal relief

by Jessica Garbett | Jun 24, 2020 | ACCA, capital taxation

Apart from its name, what else has changed with regards to entrepreneurs’ relief? Since its introduction in 2008, the lifetime limit for entrepreneurs’ relief had steadily increased to £10m until 10 March 2020. However, at Budget 2020 the Chancellor announced...

IHT exemption – Emergency Responders – Volunteers and Employees

by Jessica Garbett | Jun 22, 2020 | ACCA, capital taxation, Covid19

Inheritance Tax Act 1984 S153A provides an exemption from Inheritance Tax for an emergency responder whose death occurs as a result of responding to emergency circumstances. The exemption applies where the death results from: an injury sustained, accident occurring,...

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ACCA Year End Planning Tips

Capital gains tax and divorce

A Handy Guide to Ten Common Tax Elections and Claims from ACCA

Could PPR relief and BPR disappear soon?

Business assets disposal relief

IHT exemption – Emergency Responders – Volunteers and Employees

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