Tax Blog

Restriction on Personal Allowances for Non-Residents

The government is intending to consult further on restricting the entitlement of non-UK residents to the UK personal allowance. No changes will be made before April 2017 and so the position should remain unchanged for the current tax year and…
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Mansion Tax 3: Mansion Tax Proposals

Shadow chancellor Ed Balls has announced that a Labour administration would introduce a tax on homes worth more than £2 million in its first budget, so that the Treasury could begin to collect money from what is estimated to be…
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Severance of Joint Tenancy

A Brief Account of a Recent Case The First-tier Tribunal ((Parveen Chadda and Others v HMRC [2014] UKFTT 1061 ) recently found that a joint tenancy held between a married couple, Mr and Mrs Tobin, had been severed despite no-one…
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FESTIVE FUN ?

Most people file their tax return online these days, probably in the region of 80%. Paper returns should have been submitted by 31st October and they are seen as increasingly archaic. Electronic submissions make it much easier for HM Revenue…
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AUTUMN STATEMENT 2014

Are Autumn Statements that interesting ? This one might be ! It will be George Osborne’s fourth Autumn Statement and the announcements are traditionally focussed on government spending. However, with the General Election less than six months away, there may…
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HOME ALONE ?

Relief from capital gains tax on the home is extremely valuable and, although the rules are detailed and convoluted, they have generally been well understood by taxpayers. However, recent tax cases and legislative changes mean that it is always worth…
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MANSION TAX 2

So how will people owning property which is exposed to a prospective mansion tax react if the proposal becomes law ? Even though there is little flesh on the bones of a prospective mansion tax as yet, one can easily…
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MANSION TAX ?

With a general election on the distant horizon the possibility of a ‘mansion tax’ is once more on the agenda. While everyone will have their own view on whether such a tax is a good idea or not, it is…
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