The Budget – Good, Bad or Indifferent?
What’s appropriate? One of the tax changes which gained a nanosecond in the budget speech was the TCGA 92 s161(1) rule about appropriations to and from stock. Philip Hammond called this “converting capital losses into trading losses”. Why is this relevant or being tackled at this time? As part of general anti-avoidance the option to[...] Read more »
The New Marriage Allowance – Have you claimed?
It is not often that HM Revenue & Customs (HMRC) is happy to reduce your tax bill for you, but the possibility of doing so this year seems to have been overlooked by most married couples. How it works In a nutshell, the Marriage Allowance lets you transfer £1,100 of your Personal Allowance to your husband, wife or civil partner[...] Read more »