personal finance Archives - Page 9 of 11 - Whitefield Tax - Isle of Wight Accountants

Budget 2015 – changes to savings

by Jessica Garbett | Mar 20, 2015 | ACCA, budget, personal finance, personal taxatation

Help to Buy: ISA The scheme will provide a government bonus to each person who has saved into a Help to Buy: ISA at the point they use their savings to purchase their first home. For every £200 a first time buyer saves, the government will provide a £50 bonus up to a...

Understanding the Finance Bill 2015

by Jessica Garbett | Feb 24, 2015 | ACCA, budget, business taxation, capital taxation, HMRC, personal finance, personal taxatation, property taxation

A summary of the key provisions included in the Finance Bill 2015 and measures that have an immediate effect. Tax rates and allowances Personal tax 2015/16: personal allowance increased to £10,600 basic rate threshold increased to £31,785 capital gains tax annual...

High income child benefit charge – an ACCA refresher

by Jessica Garbett | Jan 24, 2015 | ACCA, HMRC, personal finance, personal taxatation

The high income child benefit tax charge is a unique tax, in that it seeks to claw back a state benefit, namely child benefit through the self-assessment tax system. This tax applies where one of the parents/guardians has income in a tax year of more than £50,000. The...

Changes to Intestacy

by Jessica Garbett | Nov 18, 2014 | ACCA, capital taxation, personal finance

The Inheritance Tax and Trustees’ Powers Act 2014 came into force on 1 October 2014. Its main provision is to alter the intestacy rules previously contained in the Administration of Estates Act 1925. These applied when a person had died without making a valid will....

Landlords and tenants right to live in UK

by Jessica Garbett | Oct 28, 2014 | ACCA, business issues, personal finance, personal taxatation, property taxation

From 1 December 2014, a number of landlords will need to check that someone has the right to live in the UK before letting a property to them. This includes taking in lodgers or sub-letting a property. The ‘right to rent’ checks apply to: landlords in Birmingham,...

HMRC withdraws concession on remittance basis

by Jessica Garbett | Oct 22, 2014 | ACCA, personal finance, personal taxatation, residence and non residence

In August changes took effect around how money brought into the UK or used in the UK under a loan facility secured by foreign income or gains is treated. A taxpayer who is resident but not domiciled in the UK can elect to pay tax on the remittance basis, ie he is...

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Budget 2015 – changes to savings

Understanding the Finance Bill 2015

High income child benefit charge – an ACCA refresher

Changes to Intestacy

Landlords and tenants right to live in UK

HMRC withdraws concession on remittance basis

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