Business Motoring – Tax Aspects

This factsheet focuses on the current tax position of business motoring, a core consideration of many businesses. The aim is to provide a clear explanation of the tax deductions available on different types of vehicle expenditure in a variety of business scenarios. To read more – download the factsheet below:

Taxation of the Family

Individuals are subject to a system of independent taxation so husbands, wives and civil partners are taxed separately. This can give rise to valuable tax planning opportunities. Furthermore, the tax position of any child is important. To read more – download the factsheet below:

Capital Gains Tax

A capital gain arises when certain capital (or ‘chargeable’) assets are sold at a profit. The gain is the sale proceeds (net of selling costs) less the purchase price (including acquisition costs). To read more – download the factsheet below:

Capital Gains Tax & the Family Home

The capital gains tax (CGT) exemption for gains made on the sale of your home is one of the most valuable reliefs from which many people benefit during their lifetime. The relief is well known: CGT exemption whatever the level of the capital gain on the sale of any property that has been your main … Read more

Making Tax Digital for Individuals

The government has started phasing in its landmark Making Tax Digital (MTD) initiative, which will see taxpayers move to a fully digital tax system. To read more – download the factsheet below:

National Insurance

National insurance contributions (NICs) are essentially a tax on earned income. The NICs regime divides income into different classes: Class 1 contributions are payable on earnings from employment, while the profits of the self-employed are liable to Class 2 and 4 contributions. To read more – download the factsheet below:

Personal Tax – Dividends & Interest

Dividend and savings allowances are available. We consider the opportunities and pitfalls of personal tax rules. To read more – download the factsheet below:

Personal Tax – Self-Assessment

Under the self-assessment regime, an individual is responsible for ensuring that their tax liability is calculated and any tax owing is paid on time. To read more – download the factsheet below:

Property Investment – Tax Aspects

Investment in property has been and continues to be a popular form of investment for many people. To read more – download our factsheet: