Capital Gains Tax: payment for property disposal

Capital Gains Tax: payment for property disposal

Capital Gains Tax (CGT) is a form of taxation which is put on the sale of a non-inventory asset. If you have sold or disposed of a UK residential property (including part interest in one) after April 2020, you may need to report this and pay Capital Gains Tax (CGT)...
First Homes: guidance and eligibility

First Homes: guidance and eligibility

The First Homes scheme involves the building of new homes specifically to be sold at a discount. However, these homes are otherwise intended to be of similar specification to full-price homes. These homes will then be put on the market at a discount of at least 30%....
Rising inflation – what does that mean for UK businesses?

Rising inflation – what does that mean for UK businesses?

The covid-19 pandemic has affected all aspects of life as we know it. As we are hopefully emerging from the worst of its social impacts, we are now faced with potentially crippling economic effects caused by the proliferating borrowing throughout the pandemic. In this...
Increased price for single-use plastic bags across the UK

Increased price for single-use plastic bags across the UK

As Part of a larger scheme to reduce the use, and waste, of plastic across the UK, the government how introduced a further mandatory increase in the prices of plastic bags. This increase was introduced on 21 May and has raised the prices of single-use plastic bags...
SEISS: should you change your accounting date to save tax?

SEISS: should you change your accounting date to save tax?

The SEISS allowed self-employed individuals and partnerships to receive taxable grants if their business has been adversely affected by the coronavirus pandemic. The first three grants were given in the tax year 2020/2021, although the profits which the SEISS grants...
Forces Help to Buy: help to get on the property ladder

Forces Help to Buy: help to get on the property ladder

Forces Help to Buy: help to get on the property ladder. This article summarizes the details of the Armed forces help to buy. This is a pilot scheme that was launched in April 2014 and assists regular armed forces personnel to get onto the property ladder. The scheme...