Assets Exempt from Capital Gains Tax
January 14, 2022 9:17 am Comments Off on Assets Exempt from Capital Gains TaxIn the majority of cases, if an asset is being sold or transferred as part of a divorce, Capital Gains... View Article
Author Archives for creativedirection
Tax Returns Due & Penalties for late filing
January 14, 2022 9:17 am Comments Off on Tax Returns Due & Penalties for late filingHMRC have announced they will waive late filing and late payment penalties for tax returns for one month. However, the... View Article
Schedule 1 to the Children Act
December 17, 2021 11:50 am Comments Off on Schedule 1 to the Children ActSofia was delighted to be asked to contribute to the 3rd edition of the above publication which has been co-authored... View Article
Most Common Questions
December 17, 2021 11:29 am Comments Off on Most Common QuestionsAs the year is drawing to a close, we have looked back through some of the most common ‘simple’ questions... View Article
Changes to the tax treatment of transfers on divorce
December 7, 2021 2:33 pm Comments Off on Changes to the tax treatment of transfers on divorceWhat changes has the Government announced? On 30 November 2021, Lucy Frazer, the Financial Secretary, confirmed that the Government accepted... View Article
Agenda for call with Single Joint tax expert
December 3, 2021 11:47 am Comments Off on Agenda for call with Single Joint tax expertIt is extremely useful if, we, as the tax experts can have a call with the solicitors ahead of delivering... View Article
HMRC & Wealthy Taxpayers
December 3, 2021 11:37 am Comments Off on HMRC & Wealthy TaxpayersIf your clients are wealthy individuals, they will be looked after by specialist teams within HMRC. These teams have a... View Article
Using Capital Losses to Reduce Tax Liability
December 3, 2021 11:36 am Comments Off on Using Capital Losses to Reduce Tax LiabilityDue to the pandemic, many individuals hold investments which are worth less now than when they bought them. Worthless assets... View Article
Offshore Assets & Income
November 19, 2021 1:30 pm Comments Off on Offshore Assets & IncomeThe Details The most common penalties for failing to disclose offshore assets and income in the UK are up to... View Article
Crypto Asset nudge letters being sent to individuals
November 19, 2021 1:14 pm Comments Off on Crypto Asset nudge letters being sent to individualsHMRC are sending out nudge letters to individuals who they believe have held crypto assets based on third party information.... View Article
Former Matrimonial Home
November 5, 2021 4:25 pm Comments Off on Former Matrimonial HomeThere is a significant tax relief available on the family home, however, it is restricted in two cases: (1) where... View Article
How to Instruct Us
November 5, 2021 1:08 pm Comments Off on How to Instruct UsWe are able to receive instructions from solicitors, accountants and direct clients. Enquiries and instructions are received by our Practice... View Article