Changes to Capital Gains Tax for separating and divorcing couples
It has been proposed and we are still awaiting confirmation from the 2022 Finance Bill, that new beneficial rules will be introduced for divorcing couples from 6 April 2023. This will allow more time for tax beneficial inter-spousal or civil partner transfers to...
Stamp Duty Land Tax (SDLT) Refund of Overpayment
Our previous Stamp Duty Land Tax (SDLT) article of 12 June 2020 discussed an extension to the exceptional circumstances rule, where a sale of a previous home had taken longer than 3 years to complete. This would normally restrict the ability to claim a refund of the...
Selling or gifting residential property
The selling or gifting of residential property will be a Capital Gains Tax (CGT) event, whereby the gain will normally be calculated by reducing the market value/selling price for the cost of acquisition and for other allowable expenditure. The main relief from CGT...
Year-end tax planning 2021/22
5th of April will mark the end of the current 2021/22 tax year and it is therefore important, at the current time, to review an individual’s business and taxation affairs while there is still an opportunity to do so. Outside of taxation considerations, we would...
Tax Rates and Allowances 2022/23
Download our Guide – Tax Rates and Allowances 2022/23