Tax and Financial Planning

It is generally assumed that any property that you live in as your primary residence will not be subject to a tax on any profit on sale, assuming you own...

Most house owners regard rising property prices as a good thing, but buy to let landlords who have neglected to deal with their tax obligations after the sale of their...

HM Revenue and Customs (HMRC) have long been aware that business owners sometimes try to claim tax relief as a business expense on what are essentially items of private expenditure. ...

Reaching a settlement with HM Revenue and Customs (HMRC) in a tax dispute will normally lead to a letter of offer being agreed with them and signed by the taxpayer(s). ...

The basis on which stamp duty is charged is being changed in a move that will benefit most purchasers of property. The old system applied a single rate of...

From 3 December 2014, a surviving spouse or civil partner will ‘inherit’ the ISA allowance of their deceased spouse or partner. The move, announced in the Chancellor’s Autumn Statement,...

When a mother and son from a village near Barnsley sold their property (a house plus adjoining commercial buildings and land), the apportionment of the sale proceeds was crucial in...

The importance of considering the fine details of proposed arrangements was sharply illustrated in a recent case in which the High Court accepted a claim by HM Revenue and Customs...

When an employee who left his employer prematurely was forced to repay part of a bonus he had been awarded, the refusal of HM Revenue and Customs (HMRC) to regard...

The changes to the ‘deemed occupation’ period for the granting of private residence relief (PRR) have been well reported and apply to exchanges of contracts on residential properties after 5...