As the above quotation shows, paying taxes is nothing new. As we approach the end of January and the deadline for filing and pay tax for the 2014/15 tax year we write to remind you …
Accountants and clients used to the broad brush “commercial” approach to computing trading profits can get caught out by the different and stricter rules for calculating capital gains. Payments which may make sense, or even …
Private Residence Relief (PRR) is a very useful relief for taxpayers and prevents Capital Gains Tax from being paid on the sale of a primary residence in most cases. There are aspects of the rules …
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Anti Avoidance HMRC Tax Planning Capital Gains Tax Sale of Company Eaves and Co Tribunal CasesThe Law is not an ass. It is a quadruped, designed by a committee, who, over many years and many different committee members, cannot quite recall whether they were designing a camel, a horse or …
In the recent case of J Day & A Dalgety, two taxpayers had sold three properties that they owned together. The case concerned negligence and penalties for carelessness, as they did not include any details …