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 | Mar 28, 2024 | Business advice, CGT, Financial news, HMRC, PAYE
5 April Last day of 2023/24 tax year. Deadline for 2023/24 ISA investments and pension contributions. Last day to make disposals using the 2023/24 CGT exemption. 14 April Due date for income tax for the CT61 period to 31 March 2024. 19 April Automatic interest is...
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 | Mar 27, 2023 | CGT, Financial news, HMRC
It’s always a good idea to try to utilise your capital gains tax (CGT) annual exempt amount before the end of the tax year. However, the amount is being cut in less than two weeks; meaning it’s more important than ever to take advantage now. How might you do this? The...
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...
