personal taxatation Archives - Page 31 of 47 - Whitefield Tax - Isle of Wight Accountants

Company distributions

by Jessica Garbett | May 17, 2016 | ACCA, business taxation, dividends, HMRC, personal taxatation

Consultation highlights concerns over changes to taxation of dividend income and share disposals. HMRC’s ‘company distributions’ consultation highlighted the concern that the changes to taxation of dividend income and share disposals would drive some to look to...

Tax changes affecting buy-to-let properties

by Jessica Garbett | May 12, 2016 | ACCA, business taxation, personal taxatation, property taxation

The new tax changes for holding a rental property as an individual, or in a limited company, will need to be carefully considered by landlords. These changes impact: allowable expenses stamp duty interest costs treatment of future gains. Wear and tear allowance This...

Budget 2016: Lifetime ISA and ISA update

by Jessica Garbett | May 5, 2016 | ACCA, budget, personal finance, personal taxatation

Alongside auto-enrolment is the lifetime ISA the new pension for the under 40s? From April 2017, any adult under 40 will be able to open a new Lifetime ISA from which they will also be able to withdraw amounts they have contributed. Making contributions Up to £4,000...

Treatment of tax interest changing

by Jessica Garbett | Apr 10, 2016 | ACCA, personal finance, personal taxatation

From April interest will be paid to savings accounts gross. At present, in general, banks and building societies deduct 20% tax from the interest earned on non-ISA savings before paying the interest to the account holder. From 6 April 2016 banks and building societies...

ISAs and the next year

by Jessica Garbett | Apr 5, 2016 | ACCA, personal finance, personal taxatation

Savers will be able to re-invest withdrawals into ISAs. The announcement about a lifetime ISA for first home purchases is covered separately. From 6 April 2015 to 5 April 2016 the annual amount which can be paid into an Individual Savings Account (ISA) has been...

Gift aid – Small Donations Scheme

by Jessica Garbett | Apr 1, 2016 | ACCA, personal taxatation

New limit for GASDS payments. Gift Aid Small Donations Scheme (GASDS) top-up payments are restricted to a maximum small donations limit of £8,000 per tax year after 6 April 2016 for eligible charities and CASCs. As a reminder, GASDS: allows charities and CASCs to...

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Company distributions

Tax changes affecting buy-to-let properties

Budget 2016: Lifetime ISA and ISA update

Treatment of tax interest changing

ISAs and the next year

Gift aid – Small Donations Scheme

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