Believe it or not there are a number of assets that you can sell that do not trigger a capital gains tax (CGT) liability. The list, published on HMRC’s website is as follows: Your car Personal possessions worth up to £6,000 each, such as jewellery, paintings or antiques Stocks and shares you hold in tax-free investment savings accounts, such as Continue Reading
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Plan for progress
We are now in the last quarter of the current tax year that ends 5 April 2014. If you are in business or pay income tax at the higher rates there is a strong argument that you should consider, and invest in, a tax planning review with your professional advisor. Why? Shutting the stable door after the horse has bolted Continue Reading
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Google to get �24m tax bill
It would seem that HMRC are making progress in their efforts to make larger concerns more responsible when paying tax. Google have been criticised in the past for using complex arrangements to reduce their UK tax liabilities. Google have responded that they have only taken advantage of tax strategies that are legal – in effect Google are saying that if Continue Reading
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2014 Budget Seminar 21 March 2014
The Chancellor has announced that this year's Spring Budget will be on 19th March 2014. We will be running our annual Budget Update for our clients, professionals and friends of the firm on Friday 21st March 2014. As usual, we will be holding the event at the Lough Neagh Discovery Centre at Oxford Island. Registration and a bacon roll Continue Reading
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