by | May 25, 2023 | HMRC notices
The gift aid scheme, which was originally introduced in 1990, allows charities to reclaim from HMRC the basic rate of Income Tax deducted from qualifying donations by UK taxpayers. This means that when a basic rate taxpayer claims gift aid on a £10...
by | May 18, 2023 | HMRC notices
In April 2022, the government announced a package of measures intended to make the UK a global cryptoasset technology hub. One of the issues raised at the time concerned the tax treatment of Decentralised Finance (DeFi) and staking. DeFi lending and staking...
by | May 4, 2023 | HMRC notices
There are a number of responsibilities that fall on a landlord that is renting out a property. These include the requirements to: keep rented properties safe and free from health hazards; make sure all gas equipment and electrical equipment is safely...
by | Apr 27, 2023 | HMRC notices
The settlements legislation is contained in s.624 ITTOIA 2005. The legislation seeks to ensure that where a settlor has retained an interest in property in a settlement that the income arising is treated as the settlor’s income for all tax purposes. A settlor...
by | Apr 20, 2023 | HMRC notices
The Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with an opportunity to regularise their affairs by disclosing any outstanding liabilities whether due to misunderstanding the tax rules or...
by | Feb 23, 2023 | HMRC notices
There are special rules where a property is let at less than a commercial rate or isn’t let on commercial terms. These rules also apply if a property is occupied rent free or at less than a commercial rate, for example, a property is occupied by a family member...
