Posted in Capital allowances
The recent, and temporary, increase in the AIA to £1m from 1 January 2019 creates computational issues if a trader’s accounting period straddles this date.
The following example published by HMRC illustrates one variant that you may encounter when
Posted in Employment Law
The government has launched a consultation seeking views on new proposals to extend redundancy protection for pregnant women and new parents.
As the law currently stands, employees who are placed at risk of redundancy when they are absent on
Posted in Income Tax
The Welsh Government has confirmed that the proposed Welsh Government Budget has been ratified and that the new Welsh rates of Income Tax (WRIT) will be set at 10p for 2019-20. This means that the rates of Income Tax paid by Welsh taxpayers will
Continue readingPosted in Capital Gains Tax
As a general rule, there is no Capital Gains Tax (CGT) on a property which has been used wholly as a main family residence. This relief from CGT is commonly known as Private Residence Relief. Conversely, an investment property that has never been
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