Tax lock Legislation has been introduced to set a ceiling upon the main rates of income tax and NI for the duration of the current Government. Whilst this allows some degree of certainty, this goes against the Parliamentary principle that…
The biggest policy here has been that to increase the nil rate band (NRB) to £1m for couples. The problem has arisen because IHT was only ever meant to be a tax on the very wealthiest in society; but the…
The way dividends are taxed is changing as of 6 April 2016. There was a worry that dividends from owner managed businesses would be treated as salary but thank goodness this didn’t happen! The way they are taxed for…
The first Budget of a new Parliament is often the most harsh: the Government know that they will be in power for the next few years and don’t need to worry about pleasing the electorate, who tend to have…
When doing your self-assessment tax return for 2015/16, are you entitled to an extra tax saving from the new Marriage Allowance? If we are doing your tax return, don’t be offended if we ask about your husband or wife’s…
The latest Conservative Budget took place on 16th March 2016 and was in line with previous Budgets of this and the Coalition Government, focussing on the following policies: Improve the ability for individuals to own their homes by making it…
Gander Tax Services Limited are putting on a seminar in conjunction with an Independent Financial Advisor colleague of ours, Sam Neale of Station Associates Limited, at Churcher's College, Petersfield on 18th September. It is very much for clients as well as fellow…
Letting a property out can be a great investment and provide an extra income. However, with stamp duty land tax, income tax, capital gains tax and inheritance tax all potential liabilities, it can also be complicated and confusing. So, from…
The Finance Act 2013 brought in some significant changes to tax law in the case of determining an individual’s residence. The new rules, which apply from 6 April 2013, scrap the old ‘Ordinarily Residence’ status and introduce a rigorous residence…
So the Government's new 'tax cut' for businesses and charities started on 6 April 2014 and will take up to £2,000 off your Employers National Insurance Contributions in the form of an Employment Allowance. This means that if you usually…