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New allowances for trading and property income


9 May 2016

NewIn his 2016 Budget speech, the Chancellor announced two new allowances would be introduced from April 2017 for money earned from `the sharing economy’. One allowance will be for trading income and the other for property income.

Trading income allowance

A new allowance…

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Monthly Tax Update – April 2016


4 May 2016

Welcome to our monthly tax update designed to keep you informed of the latest tax issues.

We hope you enjoy reading this update; remember, we are here to help you so please contact us if you need further information on any of the topics covered.

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PETS are for everyone, not just Prime Ministers


3 May 2016

 

IMG_0622On the back of the Panama papers came the rather unexciting news that the Prime Minister had received a gift from his mother that could `potentially avoid inheritance tax’. However, there is nothing untoward about this. The ability to make a…

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