Capital gains tax on separation and divorce

Capital gains tax on separation and divorce

Capital gains tax on separation and divorce Spouses and civil partners enjoy certain tax breaks, including the ability to transfer assets between them at a value that gives rise to neither a gain nor a loss. Prior to 6 April 2023, a couple are only able to benefit...
Enquiry or discovery – What is the difference?

Enquiry or discovery – What is the difference?

Enquiry or discovery – What is the difference? Most taxpayers know that they must adhere to a rigid timetable for the submission of tax returns and claims, otherwise either penalties are levied or the claim is refused. Taxpayers are also restricted as to the number of...
Rebuild your pension pot with rental income

Rebuild your pension pot with rental income

Rebuild your pension pot with rental income A self-invested personal pension (SIPP) can be an attractive option for saving for retirement and is one that is popular with company directors. Under a SIPP, you can choose and manage your investments yourself, or you...
The taxation of cryptocurrency

The taxation of cryptocurrency

The taxation of cryptocurrency Cryptocurrency is a complicated concept and the following text gives HMRC’s view on the basic rules. Modern cryptocurrencies were first described in 1998 but the concept fully emerged in 2008 with the release of a white paper...
Pension changes

Pension changes

Pension changes In his March Budget, the Chancellor announced a number of changes to the pension tax rules, including an increase in the annual allowance and the abolition of the lifetime allowance. Annual allowance The annual allowance places a cap on tax-relieved...