2
December 2022
7
December 2022
National Insurance is a complicated subject (some might say unnecessarily so) and is often misunderstood by taxpayers,. This brief post sets out some basic principles on how the system works.
5
July 2022
5
July 2022
Where an individual sells a property in the UK, there may be capital gains tax to pay on any profits realised. However, the way in which the gain gets reported to HMRC is accompanied by a less than straightforward process which depends upon whether the property being sold is residential or commercial and whether the seller is UK resident or overseas resident. This guide helps to provide clarity on what the reporting rules are and is focused on gains made after the 6th April 2020. The rule for gains arising before that are a little different and aren't covered here.
19
June 2022
19
June 2022
Have you ever looked at your payslip or notice of coding from HMRC and wondered just what your tax code actually means ? It’s quite possible that like a lot of people, you find it all a little mystifying and bit above your head – if that’s you, this short article should help to unpack what your tax code is telling you and make better sense of your payslip next time you look at it in detail.
8
June 2022
8
June 2022
The UK tax system is relatively straightforward if during your time in this country, you only have income and gains from UK sources. However, if you work abroad or have income from assets overseas, understanding the implications for your tax position in the UK can be a minefield with so many rules and regulations to consider, both here in the UK and abroad. Whilst a full consideration of the various regimes abroad is a matter for locally based specialists, this article aims to give you an overview of some of the rules that apply in the UK and provide you with some pointers for additional research.