Private Residence Relief: Another Disappointed Taxpayer
Private residence relief (PRR) for capital gains tax (CGT) purposes is potentially very generous. For example, a UK resident individual who is a higher rate taxpayer is liable to CGT on a residential property gain at 28% (for 2017/18). However, if PPR is available in full, the individual’s gain on disposal is not a chargeable […]
Private Residence Relief: Another Disappointed Taxpayer
Private residence relief (PRR) for capital gains tax (CGT) purposes is potentially very generous. For example, a UK resident individual who is a higher rate taxpayer is liable to CGT on a residential property gain at 28% (for 2017/18). However, if PPR is available in full, the individual’s gain on disposal is not a chargeable […]
Avoid Paying HMRC By Cheque!
Many taxpayers pay their tax liabilities close to the statutory deadline for making such payments. For example, an individual who faced a large tax bill on 31 January might have needed time to find the necessary funds. Pay on time…or else? If the individual was unable to pay by 31 January, it would not necessarily […]
Avoid Paying HMRC By Cheque!
Many taxpayers pay their tax liabilities close to the statutory deadline for making such payments. For example, an individual who faced a large tax bill on 31 January might have needed time to find the necessary funds. Pay on time…or else? If the individual was unable to pay by 31 January, it would not necessarily […]