Personal Tax

HMRC has issued a warning to taxpayers regarding the latest tax refund scams. These scams are targeting individuals via email and SMS messages. HMRC is currently processing genuine tax refunds for the 2017/18 tax year and the fraudsters are sending scam messages which claim that taxpayers are entitled to a rebate. These messages go on to request that they provide their personal ...

Separation and divorce is never an easy issue to manage, however, it is important to consider the tax implications in such circumstances. Separation – the loss of the no gain/no loss treatment Assets transferred between spouses living together¹ at some time in a tax year take place at ‘no gain/no loss’ i.e. no CGT liability arises.  In years up to and including the tax year o ...