by Stapletons | Aug 5, 2019 | Tax, Personal finances
Only around 5% of estates in the UK are liable for inheritance tax before being distributed to any beneficiaries or causes. That may sound like very few, but it should have been a key consideration for around 24,500 estates that had it deducted in 2015/16. Those...
by Stapletons | Jul 3, 2019 | Tax, Running a business
Remember Making Tax Digital (MTD) – the Government’s flagship scheme to modernise tax collection on behalf of the Treasury? It’s hard to believe three months have passed since the scheme came into force for VAT-registered businesses with annual taxable turnover of...
by Stapletons | Jun 3, 2019 | Personal finances, Tax
Around one in 20 residential properties in Devon are classed by the Government as second homes, with the majority of those let out to holidaymakers. Some Devonians recognise the benefits second homes have on the local economy, while others want to prevent them driving...
by Stapletons | May 3, 2019 | Running a business, Tax
It’s no secret that Devon and Cornwall are hotbeds for landlords with residential portfolios. Dig a little deeper and you will find many of those buy-to-let landlords are having to adapt to a raft of recently introduced tax measures. Mortgage interest relief Changes...
by Stapletons | Mar 1, 2019 | Government announcements, Tax
With the UK experiencing its warmest February day on record last month, spring is in the air and with it comes a raft of tax changes for 2019/20. Chancellor Philip Hammond revealed these back in December when announcing his Budget 2018, but there was an elephant in...
by Stapletons | Jan 3, 2019 | Tax
It’s the New Year and time to make a difference: by not leaving your self-assessment tax return to the last minute. Last year, almost 1.3 million tax returns were submitted to HMRC on either 30 or 31 January 2018, while 4,852,744 returns were completed online...
