Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
Nicola Sargeant
Tax Senior Manager
23 September 2020
New 30-day reporting requirements for Capital Gains Tax on disposals of UK residential propertyNew reporting requirements for Capital Gains Tax (CGT) due by Individuals, Executors and Trustees on the disposal of UK residential properties are now in place. The new rules can be quite complex depending on the circumstances and, already, we have helped many clients assess and report on their new CGT obligations.
08 August 2020
Lower property values can provide planning opportunitiesWith pressure on both rental income and asset values, it’s not a great time to be a landlord in Aberdeen, but it may be the perfect time to consider Inheritance Tax (IHT) planning opportunities.
07 August 2020
HMRC publishes guidance on penalties for incorrect claims under SEISSHMRC has recently published guidance detailing the steps to take if you have incorrectly applied for and received a grant through the Self-employment Income Support Scheme. The guidance sets how HMRC assess and penalise self-employed workers who have claimed a grant they’re not entitled to.
24 July 2020
Finance Act 2020 - Personal finances and taxesThe Finance Act 2020 came into effect on 22 July 2020 and brought with it a number of changes to personal tax and pension planning.
15 July 2020
Chancellor announces review of Capital Gains Tax – could tax rises be on the horizon?Chancellor Sunak has requested a review of Capital Gains Tax rules by the Office for Tax Simplification (OTS), which has sparked speculation that there could be a rate increase on the horizon, to help pay for the billions spent to help support the economy during the coronavirus pandemic.
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