In this week’s Q&A, Croner-i tax adviser Vivienne Cheung considers the capital gains tax (CGT) liability when gifting a property to a relative who is non-resident
From April, Manchester will be the first city in the UK to charge a £1 tourist tax on overnight visitors to the city staying in hotels and short-stay accommodation
A surprise announcement in the Budget to abolish the lifetime allowance for pensions also gave some respite to users of pension drawdown and the annual allowance, explains Zigurds Kronbergs FCA FCCA, senior tax writer, Croner-i
An employment agency has won a First Tier Tribunal (FTT) appeal related to an overpayment relief claim amounting to £31,000 in income tax and national insurance contributions (NICs)
The government has published a draft of Finance Bill 2023 with details of tax changes due to come into effect from April including a 6% hike in corporation tax, end of lifetime allowance and full expensing rules
Following taxpayer and agent feedback, HMRC has made the paper version of the capital gains tax on UK property return available to download on a limited basis
The prime minister, Rishi Sunak has released a breakdown of his taxes showing that he paid a total of £432,493 in UK tax in 2021/22, with declared earnings reaching £1.9m
The lack of regulation of accountants and tax advisers leaves taxpayers at risk from rogue operators, but there are options to tighten up oversight, argues John Cullinane, director of public policy, Chartered Institute of Taxation