Capital Gains Tax (CGT) changes on private residences.

Some important changes on the rules relating to (Capital Gains Tax) CGT for private residences which have been let at some time, taking effect after 6 April 2020. CGT PRIVATE RESIDENCE RELIEF CHANGES Draft legislation to be included in the next Finance Bill will make...

PERSONAL SERVICE COMPANY CHANGES FROM APRIL 2020   In the Autumn Budget the Chancellor announced that the “off payroll” workers rules that currently apply in the public sector would be rolled out to the private sector in 2020. The government have now...

Extracting profit from the family company.

SALARIES for 2019/20 The start of the new tax year means that shareholder/ directors may want to review the salary and dividend mix for 2019/20. The £3,000 employment allowance continues to be available to set against the employers national insurance contribution...