by admin | Dec 5, 2024 | Capital Gains Tax
One of the most commonly used and valuable exemptions from Capital Gains Tax (CGT) is for the sale of a family home. Generally, there is no CGT on a property that has been used as your main family residence. However, an investment property that has never been used as...
by admin | Dec 5, 2024 | General
It is important to take the necessary steps to protect your land and property from fraud. You are at a higher risk if: Your identity has been stolen You rent out your property You live abroad The property is empty The property is not mortgaged The property is not...
by admin | Dec 5, 2024 | Overseas tax issues
A new rule aimed at preventing individuals from using companies to avoid taxes through the Transfer of Assets Abroad (ToAA) provisions applies to income arising to persons abroad on and after 6 April 2024. This change affects UK residents who own or have a financial...
by admin | Dec 5, 2024 | Value Added Tax
The VAT Flat Rate Scheme allows businesses to pay VAT as a fixed percentage of their total turnover, which includes VAT. The applicable percentage varies based on the business type. This scheme is designed to simplify VAT accounting, thereby reducing the...
by admin | Dec 5, 2024 | National Insurance
If you have lost or forgotten your National Insurance number, there are several ways to retrieve it. You can find your National Insurance number: On a document you already possess, such as a P60, payslip, or letters regarding benefits. In your personal tax account. In...
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