Gains on UK residential property Earlier this year, a new rule requiring capital gains tax on UK residential property to be reported and paid to HMRC within 30 days kicked in This ushered in another change to tax rules affecting residential property owners, which seeks to raise more tax [...]
COVID-19 Economic Emergency Had everything gone to plan this year, the Chancellor would have been delivering his Autumn Budget speech. Instead, Rishi Sunak declared an “economic emergency” alongside a slimmed down spending plan to see him through until spring. Nobody in government would privately claim there is any way [...]
Changing your main residence The pros and cons of changing your main residence. With property being one of the most reliable investments around in a period of historic low-interest, many money-savvy people these days end up owning additional properties. They might rent them out, live in them or simply [...]
Property taxes to consider when moving home A property tax shake-up fuels a house buying surge. If you are considering moving home in the second half of 2020/21, you are by no means alone, but there will be several taxes to consider. In the month leading up to 8 [...]
Six factors in determining business value Mighty trees grow from little acorns 2020 has been a highly disruptive year for most businesses due to the coronavirus pandemic. Naturally, profitability may have taken a short-term hit, but well structured and operationally run business are likely to retain their long-term value. [...]
Not long to end of Brexit transition period Nearly 70% of company directors surveyed by IoD say that reaching a trade deal was important for their organisation Following the national referendum in June 2016, in which 52% voted in favour of leaving the EU and 48% voted to remain [...]
Getting on top of self-assessment tax returns Why 2019/20 is the year to get tax returns done early With everything that has happened so far this year, it might be easy to forget your obligations to file tax returns for 2019/20 by midnight on 31 January 2021. The coronavirus [...]
Way forward To say that SMEs are a vital component in UK's post-COVID19 economic recovery, would be an understatement. According to Federation of Small Businesses (FSB) statistics, small and medium-sized enterprises (SMEs) provide nearly 17 million people with employment and account for around half of turnover in the UK [...]
Inheritance Tax Seminar Thursday 17th October 2019 - London, UK Ashlynwood hosted an Inheritance Tax (IHT) Seminar in collaboration with Octopus Investments and City Financial Consultants. The seminar highlighted three options in IHT planning including Business Property Relief (BPR), Venture Capital Trusts (VCTs) and Enterprise Investment Scheme (EIS). Business Property [...]
