Changes to tax legislation

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PLANNING TO SELL A PROPERTY IN 2020, YOU SHOULD READ THIS!

Are you selling residential properties in 2020? There are proposed new changes to declaring capital gain on residential property sold from April 2020. These changes will be very massive and would affect individuals selling residential properties. Who will be affected when selling residential properties? People affected by these changes include individual taxpayers, not companies disposing […]
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new tax code for 2018/19

NOT TOO LATE TO SAY HAPPY NEW YEAR

The new tax year comes with different compliance requirement which includes changes in the tax code. In Uk, the tax year begins on 6th of April every year.I would be explaining some of this changes. The tax code in the new tax year. In  2018/19, the personal allowance for every individual is Uk is £11,850. The […]
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changes to IR35 legislation to contractors

IR35 legislation and the changes ahead

Background to IR35 Legislation. UK government first introduced the IR35 legislation in April 2000.This law is an anti-tax avoidance to ensure that employees pay the right amount of tax. It requires workers that work with a specific arrangement be treated as employees rather than self-employed. The arrangement affected by IR35 Legislation.      When an […]
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