Exemption for Small Trusts: Change is in the Air
What Changes are Coming? Tax At Source & The Concession Six years ago there was a major shakeup in the taxation of interest and dividends – instead of tax at basic rate being deducted or deemed to have been…
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Serial Homeowner Suffers Large Penalties for Failing to Report Capital Gains
In Mark Campbell v HMRC [2022] TC08398, the First Tier Tribunal (FTT) concluded that the purchase, modification and sale of four properties in five years was not trading but was subject to Capital Gains Tax (CGT). No Principle Private Residence (PPR) relief…
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