Tax Guide’s Personal Tax section offers news and features to inform and guide you through all your personal and family tax needs. The Business Tax section offers insight and guidance for all the self-employed or small business owner needs to organise all their tax requirements.

 

Business Tax

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Business Tax

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Key business tax reliefs remain

Business owners had some relatively good news from the Chancellor Phillip Hammond MP, in the Autumn Budget statement as Entrepreneur’s Relief and the Annual Investment Allowance remained intact and for the self employed and small business owners themselves will benefit from income tax threshold rises.

IR35 tax threat still an issue

Small businesses are said to be immune – at the moment – from the implications for employers and employees of the Government decision to roll out off payroll working IR35 rules to the private sector following their application in the public sector.

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Personal Tax

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Personal Tax

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Call to use life insurance in trust as more than 6.9 million parents give children inheritance early

Over 6.9 million parents have given their children 'their inheritance' early, to try to reduce the amount of inheritance tax payable on their estates. This amounts to a total of £227 billion, at an average of £32,920. A further 6.5 million parents have not yet transferred assets to their kids but plan to do so in the future to avoid a hefty inheritance tax bill, according to Direct Line Life Insurance.

Business Tax

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Weekly Newsletter

Buy to let landlords hit in Budget with capital gains tax relief restrictions

Buy to let landlords suffered another disappointment in the Autumn Budget Statement with the announcement from the Chancellor Philip Hammond MP, that from April 2020 lettings relief will be reformed so that it will only apply where the owner of the property is in shared occupancy with the tenant and that the final period exemption will also be reduced from 18 months to 9 months.

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Personal Tax

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