HMRC tried to argue that the sale of an investment property was in fact a trading activity, to prevent the taxpayer using capital losses - and tried to impose a ... Continue Reading
The humble trowel – kryptonite to the average landlord’s financial wellbeing... Introduction As I casually browsed HMRC’s manuals over the ... Continue Reading
Elspeth Orcharton explores the practicalities of implementing Scotland's new devolved taxes and what it might mean for practitioners, ahead of next month's ICAS ... Continue Reading
The financial year runs from April to April and in 2015 the government are implementing some changes that will affect most taxpayers. The theory is to reward work ... Continue Reading
Ray Chidell and Dave Jennings look at the benefit in kind exemption for mobile phones and the difference between mobiles and other devices such as tablets, laptops, ... Continue Reading
In the last of this short series, author and journalist Nick Morgan offers more ways to prove "Reasonable Care", to reduce penalties. The HMRC factsheet, Penalties ... Continue Reading
Changes to the rules for many pensions from 6 April 2015 mean more flexibility to draw money out of pension pots, but LITRG warns of tax issues that apply. Background Pensions ... Continue Reading
TW Ed with a timely reminder of some essential tax planning points before the end of the current tax year. Introduction The current (2014/15) tax year ends on ... Continue Reading
LITRG’s 19 recommendations are aimed at making the tax system easier for unrepresented taxpayers to understand and navigate, whether they are on PAYE or in ... Continue Reading
The meaning of “plant and machinery” is notoriously difficult to pin down. The word “plant” typically conjures up images of complex mechanical ... Continue Reading
