The tax rules have changed recently and you will need to take care if you are hoping to leave the UK and relinquish UK residence for tax purposes. You should also be aware that the approach taken by Revenue & Customs to taxpayers leaving the UK for tax purposes has hardened considerably recently, so you will need to consider your medium term plans very carefully if you wish to establish non residence. (more…)
Posts Tagged ‘Personal tax returns’
Going to live abroad
Thursday, February 4th, 2010Tags: higher tax rate, Offshore, Personal tax returns, tax relief
Posted in Australia, Canada, France, New Zealand, UK accounting, USA | Comments Off
Capital gains tax
Thursday, February 4th, 2010As with income tax, each person has an annual exempt amount, which is wasted if not used. For married couples and civil partners this can be effectively managed by ensuring that assets that are sold at a gain are either jointly owned or that each partner sells some assets to cover their annual exempt amount. (more…)
Tags: Capital gains tax (CGT), Personal tax returns, tax planning, tax relief
Posted in UK accounting | Comments Off
Enterprise investment scheme (EIS) and Venture Capital Trusts (VCT’s)
Friday, January 29th, 2010These two schemes allow ingoing tax relief on investments that are channelled into venture capital for smaller and growing businesses. By their very nature they are considerably more risky than ISA’s and other similar investment vehicles. (more…)
Tags: Capital gains tax (CGT), Enterprise investment scheme (EIS), Personal tax return, Personal tax returns, tax planning, Venture Capital Trust (VCT)
Posted in Australia, Canada, France, New Zealand, UK accounting, USA | Comments Off
HMRC New Compliance powers
Sunday, January 10th, 2010Much has been written about the new HMRC compliance powers, which were developed to provide a more flexible targeted approach to checking tax returns. (more…)
Tags: HMRC, Personal tax returns
Posted in UK accounting | Comments Off