Capital gains tax planning for 2020/21

If you're a landlord or second home owner, it can feel like the tax rules and regulations that apply to you are constantly in flux. In the past few years, we've seen changes to mortgage interest relief, the introduction of a stamp duty surcharge, a ban on letting...

PM aims to ditch planned corporation tax cut

A reduction to the main rate of corporation tax due to take effect in April 2020 has all but hit the buffers. Prime Minister Boris Johnson told business leaders at a Confederation of British Industry (CBI) conference to say corporation tax will not reduce from 19% to...

Temporary fix to cover doctors’ pension tax bills

Ministers have reportedly signed off a temporary plan to cover the pension tax bills of medical professionals in England, according to various media reports. The interim measure aims to tempt doctors and consultants back into accepting overtime shifts ahead of a...

‘Next govt. should lower pensions freedoms age’

Pension freedoms should be extended to people under the age of 55, according to the Association of Consulting Actuaries (ACA). Introduced in 2015, the freedoms offered more options to over-55s when it comes to accessing their pension before retirement. In the run-up...

HMRC chases information on landlords tax affairs

Tax information on landlords could be provided by tenants, following HMRC's step to directly ask them to act as informants. The Revenue has identified private-rented homes owned by landlords or offshore companies, and wants to check the correct amount of tax is paid...