When you sell your home, you might reasonably expect to pay no Capital Gains Tax (“CGT”) on the disposal due to  Principal Private Residence (“PPR”) Relief.  And for most homeowners selling their home, that must be right as the PPR relief will exempt any gain from CGT if:

Background

The concept behind investing in a pension scheme is sound. You get tax privileges as you put money in and whilst you invest.  In addition, you only pay tax when you take money out and even then there is the tax free lump sum to be taken.

When it comes to maximising your wealth and minimising your potential tax liability, there are a number of tax efficient options and schemes that you may want to consider. The right choice for you will depend on a variety of factors including your reason for investing, the amount of your investment and your capacity for risk. In this post we look at three of the most common methods.

Increased tax investigation activity by HMRC

With more and more pressure being applied to HMRC to identify tax avoiders, and more resources being allocated to them in order to do so, the tax authorities are taking an increasingly robust approach to tax investigations and disputes.

If you’re a resident foreigner (or non domiciliary) for tax purposes, you may be aware that some fundamental changes were brought in with effect from 6 April 2017. It’s a landscape that is continuing to change and, in this post, we summarise the three most important recent changes that may affect you.

You’ve worked hard, investing your time, energy and talents into your business. Now perhaps either you need to extract money for the first time, or you feel it’s just time to reap some of the rewards of your hard work.

Capital Gains Tax is the tax you pay when you sell or ‘dispose of’ an asset.  It’s the gain you make on any increase in value that’s taxed, not the amount of money you receive and careful planning of any disposal is required in order to avoid a potentially significant tax liability.