On 2 August 2018, the Bank of England Monetary Policy Committee voted unanimously to increase the Bank of England base … Read More
If pension savings are more than the annual allowance, unused annual allowances from previous years can be brought forward. The … Read More
Currently rent-a-room relief gives relief from income tax for up to £7,500 of gross rental income to individuals who let … Read More
Owners of second homes and buy-to-let (BTL) landlords face a much shorter period in which to pay any capital gains … Read More
In Palmer [2018] TC 06411, the First Tier Tribunal has decided that although there was no reasonable excuse for the … Read More
A recent case reminds us that personal representatives must pay HMRC Inheritance Tax. In the case “G Harris as personal … Read More
During February 2018, nine out of thirteen cases for personal tax late filing penalties taken to the First Tier Tribunal … Read More
With effect from 6 April 2017, individuals with foreign pension income will be taxed on 100% of the income in … Read More
Employment law has developed to acknowledge that some individuals are not self-employed or employed, but are “workers” with some limited … Read More
Many of the recent changes in the taxation of buy to let rental businesses do not apply to property businesses … Read More