by MAS | Sep 12, 2024 | Business advice, Capital gains tax, CGT, Financial news, HMRC, Tax
Two popular investment incentives offering a number of tax breaks were due to expire in 2025. However, the government has announced that they will be extended. Shares in qualifying companies must be issued before a certain date, known as the sunset date, in order to...
by MAS | Jan 17, 2024 | Capital gains tax, CGT, Financial news, HMRC, Self Assessment, Tax
Ahead of this month’s filing deadline for the 2022/23 tax return, HMRC is urging cryptoasset holders to check if they need to report transactions. Does this affect you? HMRC is concerned that individuals who sell or exchange cryptoassets may not be aware that they...
by MAS | Nov 18, 2022 | Budget, Business advice, Capital gains tax, Financial news, HMRC, PAYE, Tax
Here are the key points from yesterday’s statement from the Chancellor: The threshold for the top 45% additional rate of income tax was cut to £125,140 from £150,000. The thresholds on the Income Tax personal allowance, Income Tax higher rate, basic National...
by MAS | Sep 12, 2022 | Capital gains tax, CGT, Tax
Under the current rules the no gain/no loss rule means that there is no CGT on transfers of assets between spouses or civil partners up to the end of the tax year in which they separate. However, a divorce settlement or transfer of assets often takes place many months...
