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April 2015 sees UK tax policy overhaul

22nd May 2015

From 6 April 2015, the UK will see a major overhaul to policies around tax and finance. The Fry Group UK have reported here on changes that have resulted from the general election results. read more

Posted in: News, Tax

The 2015 Finance Bill – Capital Gains Tax

11th December 2014

The 2015 Finance Bill – Capital Gains Tax On 10 December 2014 the Government produced the widely anticipated draft legislation that will implement a Capital Gains Tax charge on non-residents selling UK residential property after 6 April 2015. This represents a major change to the taxation of gains realised... read more

Posted in: Capital Gains Tax, News, Tax

CGT and Non-Residents Selling UK Residential Property

5th November 2014

CGT and Non-Residents Selling UK Residential Property Much has been made of the Government’s consultation on the introduction of a Capital Gains Tax charge for non-residents selling UK residential property after April 2015.  The consultation period has now ended. Whilst there has not yet been a full official response,... read more

Posted in: News, Tax

IHT Revenues Bolstered by Tax Freeze

13th August 2014

IHT Revenues Bolstered by Tax Freeze IHT revenues have recovered this year, hitting £3.42 billion in 2013-14, the highest amount since 2007-8. The way IHT was calculated changed in 2007, following the introduction of the Transferable Nil Rate Band – which was slanted as a tax cut. A combination... read more

Posted in: Inheritance Tax, Tax

HMRC taking debts from bank accounts

8th July 2014

HMRC Taking Debts HMRC Taking Debts From Bank Accounts There has been much press coverage of a recent HMRC consultation. This is proposing new powers that would allow them to recover certain tax debts directly from individual’s bank accounts. Whilst this is a proposal at the current time, the... read more

Posted in: News, Tax

Tax Charges for Residential Properties

4th June 2014

Tax Charges for Residential Properties Since April 2013 an annual tax charge has applied to UK residential property held by ‘non-natural persons’ – notably a non-resident company. There has been little comment about the fact that the annual charge would be index linked (whilst the tax bands would not)... read more

Posted in: Financial Planning, Tax

Undeclared Income

13th March 2014

Undeclared Income HMRC latest advertising campaign centres on their intention to close in on undeclared amounts of income. One of the areas HMRC are concentrating on is undeclared offshore income.  This has been targeted several times over the past number of years and this time is backed by a... read more

Posted in: News, Tax

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