CGT and chattels

A charge to Capital Gains Tax (CGT) usually arises after an asset is sold. However, there are special rules concerning ...
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Tax on a private pension you inherit

Private pensions can be an efficient way to pass on wealth, but it is important to consider what, if any, ...
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Want to pay-off your student loan in full?

Student Loans are part of the government’s financial support package for students in higher education in the UK. They are ...
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Be Data Aware campaign

The Information Commissioner's Office (ICO) has launched a new "Be Data Aware" campaign to help people understand how organisations might ...
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Child benefit payments

The weekly rates of child benefit for the only or eldest child in a family is currently £20.70 and the ...
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What is a Close Company?

A Close Company is broadly defined as a company that is controlled by:
  • five or fewer participators or
  • any ...
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How to treat post-cessation items if property business ceases

There are special rules for the taxation of post-cessation receipts after a trade has ceased. The legislation clearly states that ...
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Chargeable benefits from cheap loans

An employee can obtain a benefit when provided with an employment-related cheap or interest-free loan. The benefit is the difference ...
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Last call, are you ready for revised digital filing of your VAT returns?

Most VAT registered businesses with a turnover above the VAT threshold need to be ready to keep digital records for ...
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