UHY Ross Brooke Chartered Accountants
We always stress to clients the importance of making a will. This is not only so that assets are left to beneficiaries of one’s own choosing, but also so that other important instructions can be carried out, such as who will administer the estate, who will act as guardian to
You may have noticed in the recent Budget that the Chancellor has announced changes to the rules from April 2025 that will seriously affect the current tax advantages available to qualifying furnished holiday lets. Amongst those changes are: Removal of Business Asset Disposal Relief on capital gains; Profits will no
Business and employees are both constantly looking for ways to optimise their financial strategies. One often overlooked strategy in doing this is salary sacrifice. Salary sacrifice involves an agreement between an employee and their employer to reduce the employee’s salary in exchange for certain non-cash benefits. While it may seem
Multiple Dwellings Relief (MDR) is a stamp duty land tax (SDLT) relief that is currently available if you buy two or more residential properties in a single transaction or a series of linked transactions. It allows the rate of tax to be calculated based on the average value of the
With the Spring Budget just recently announced by Chancellor Jeremy Hunt, we have put together a summary to highlight the key points that may affect you and your business. On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a
When it comes to dealing with a death, many of us have already heard of the term “Probate”, but not everyone understands what it means, nor whether it is even needed. By Michael Brooke What is a Grant of Probate? It makes sense to explain first of all what a
The rise of cryptocurrencies and other cryptoassets has presented tax authorities around the world with a new and unique set of challenges. By Phil Kinzett-Evans – Crypto Tax Director The rise of cryptocurrencies presents a new challenge for tax authorities around the world. These challenges include the lack of uniform
HMRC enquiry data The number of tax compliance checks HMRC opened in 2022/23 increased to 299,000. This represents a 21% increase across the two tax years since 2020/21. More recently, it is clear that HMRC has increased its compliance checks post pandemic. So far in 2023/24, HMRC has opened 237,000
Leaving the UK for tax purposes is a complex process. The introduction of the statutory residence test in 2013 has given more certainty to the process. However, the fact remains, that it is difficult to become non-UK resident and, even after leaving, the reach of the UK tax regime can
The new tax year starts 6 April 2024, so you have a couple of months to consider your options. Once we pass this date the majority of the tax planning options for Income Tax and Capital Gains Tax (CGT) purposes will be lost for this year. Do you fall into