What to do if you receive one of HMRC’s ‘nudge’ letters
HMRC believes that not everyone is paying the correct amount of tax, estimating what it terms as ‘the tax gap’ as being ‘4.8% of total
HMRC believes that not everyone is paying the correct amount of tax, estimating what it terms as ‘the tax gap’ as being ‘4.8% of total
Private residence relief (PRR) removes the capital gains tax charge that would otherwise arise on a gain on the disposal of an only or main
Where an individual realises a chargeable gain on the disposal of a UK residential property, they must report the gain to HMRC within 60 days
If you make a chargeable gain on the sale of a UK residential property, you will need to report the gain to HMRC within 60
Under English law, there are two ways in which property can be owned jointly – as joint tenants or as tenants in common. The way
The nature of a gift is that it is something that is given to some without receiving a payment in return. Consequently, as nothing is
If you sell a property that has not been your main residence throughout the period that you have owned it, you may need to pay
Where assets that have become worthless, it may be possible to make a negligible value claim, allowing a loss to be realised which can be
The rent-a-room scheme allows those with a spare room in their home to let it out furnished and to receive rental income of £7,500 tax-free
Separation, divorce, and private residence relief Where a couple separate or divorce, one party may move out of the matrimonial home, with the other party
Private residence relief removes the charge to capital gains tax on the taxpayer’s only or main residence. For the purposes of the relief, a taxpayer
Selling the buy-to-let property at a loss The Covid-19 pandemic has caused financial hardship for many and the need to release funds may lead to
Entrepreneurs’ relief is intended to reduce the rate of capital gains tax to a flat rate of 10% on certain qualifying business disposals. Certain aspects
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