UHY Ross Brooke Chartered Accountants
From 6th April 2025, the removal of domicile as a connecting factor for inheritance tax (IHT) will have a significant impact on trusts and not just individuals. Prior to 6th April 2025, non-UK assets could be settled on trust by a non-UK domiciled settlor and remain outside the scope of
The ninth edition of Prosper features insights into the latest business developments, tax updates and advice to help businesses prosper in 2025 and beyond. Our magazine contains the following articles, amongst many others: The importance of ESG for your SME: Understanding how Environmental, Social and Governance considerations are becoming essential for
On 30 October 2024, Chancellor Rachel Reeves presented her first Budget to Parliament. This was a Budget intended to restore stability to our economy and to begin a decade of national renewal. Investment will be funded by revised debt rules to facilitate additional borrowing and a hefty £40 billion of
Well, here we are, in the aftermath of what felt like the most eagerly anticipated budget ever (maybe). The sky hasn’t fallen in but there is certainly lots to consider. Back in March 2024 our ‘reform of the non-dom taxation’ blog summarised the changes to the non-dom rules which were
Technology now enables us to work away from the usual office setting. That situation ramped up hugely during the COVID pandemic. We are now left in a position where remote working, or some form hybrid working, is very much the norm. In some situations, the employee may even be working
UK Residents UK residents realising a taxable gain on the sale of UK residential property must report and pay any capital gains tax due within 60 days of the sale completion date. The sale is reported to HMRC via a standalone ‘Capital Gains Tax on UK Property Account’. This is
After two relatively friendly reminder letters to cryptoasset holders, to make sure that their tax affairs are in order, HMRC have upped the ante with a third nudge letter that should leave the reader in no doubt that HMRC are serious about collecting tax due on crypto assets. By Chris
The previous government included plans to end non-domiciled tax status at the Spring Budget and replace it with a 4-year foreign income and gains (FIG) regime. The new government have now announced their intention to continue with these plans, while ending some advantages for existing non-domiciled individuals. What the change
Please note: Some of the tax content in the report may have been superceded since this report was published, so please get in touch with us for help setting up your business in the UK. The UK business environment is considered by many to be one of the world’s most
Expert insight and analysis for world business The 18th edition of UHY Global magazine is now available. In this issue we look at: UHY Global draws on current analysis and commentary, including input from UHY’s member firm experts across the international network, to provide insight for today’s global business community.