Property Sales Campaign by the Inland Revenue

HMRC regularly give the tax payer the opportunity to declare tax that would otherwise have gone undeclared. The latest campaign that they are advertising relates to sales of property either at home or abroad which is not your main residence and any Capital Gains Tax that may be due on the sale of that property. … Continue reading Property Sales Campaign by the Inland Revenue

Will you lose your child benefit?

Child benefit will be withdrawn for high income taxpayers from January 2013. The threshold for this tax change is £50,000 and will be tapered on income from this figure up to £60,000 when no child benefit will be due. The change has been the subject of much controversy. Take two families both with two children. … Continue reading Will you lose your child benefit?