Capital Gains Tax changes self assessment taxpayers need to know. HMRC is reminding taxpayers that they have until 31 January 2021 to declare any profit made from selling a UK residential property, which was not their main home, during the 2019-20 financial year. Since 6 April 2020 there have been changes to how taxpayers declare … Read more
NIC Threshold Rise With the 2020/21 tax year starting on 6th April 2020 we see the NIC threshold rise to £9,500. The personal allowance is set to stay at £12,500. This will result in a cut of £104 for the average full time worker and a cut of £78 for the average self-employed worker. Hourly … Read more
Changes to Capital Gains Tax April 2020 Property owners selling a residential property in the UK are being reminded by HM Revenue and Customs (HMRC) about important deadline changes when paying Capital Gains Tax (CGT). From 6 April 2020, if a UK resident sells a residential property in this country, they’ll now have 30 days … Read more
As from the 6th April 2020, the deadlines for paying Capital Gains Tax (CGT) after selling a property are changing. If you are a UK resident and sell a residential property in the UK you’ll have 30 days to inform HMRC and pay any CGT owed. What is Capital Gains Tax? Capital Gains Tax is … Read more
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