by Jessica Garbett | Jan 23, 2020 | ACCA, personal finance, personal taxatation
A detailed look at taxation and children. Subject to some exemptions, a child may have taxable income which is chargeable; however, the child will have full entitlement to personal allowances and reliefs. The rights and obligations of a child with taxable income rest...
by Jessica Garbett | Jan 20, 2020 | ACCA, capital taxation
ACCA share top tips around IHT IHT is a tax on the value of the estate at death but also on chargeable transfers made with various reliefs available. When reviewing matters care is required both during the lifetime and after death. Consider using these six tips. Be...
by Jessica Garbett | Jan 20, 2020 | ACCA, business issues, business taxation, IR35
A recent tax case could prove key when using CEST (Check Employment Status for Tax service) Check Employment Status for Tax (CEST) is a tool from HMRC to determine if an individual, or a worker on a specific engagement, should be classed as employed or self-employed...
by Jessica Garbett | Jan 16, 2020 | ACCA, capital taxation, property taxation
Analysis of an important First Tier Tribunal outcome. In Hopscotch Limited v HMRC [2019] TC07127 the First Tier Tribunal (FTT) has ruled that a property development did not amount to a property development trade. Relief for the Annual Tax on Enveloped Dwellings (ATED)...
by Jessica Garbett | Jan 13, 2020 | ACCA, capital taxation
An overview with examples together with consideration of when a s242 can apply. The first consideration is: has a disposal occurred? There is no statutory definition of ‘disposal’, so the word must be given its normal meaning. HMRC’s capital gains tax manual CG 10240...
by Jessica Garbett | Jan 10, 2020 | ACCA, business taxation, personal taxatation
The reliefs employees and those who are self-employed can claim when they work from home will depend on a number of conditions. Employees working from home It is a condition for tax relief under section 336 ITEPA 2003 that the expenses must be incurred ‘wholly and...
