Sinclair Day

July 4, 2018

Published by Sinclair Day at July 4, 2018

Categories

Capital allowances

Investing in new equipment for your business?

The Annual Investment Allowance (AIA) provides 100% first year tax relief for qualifying expenditure on plant and machinery. It can be claimed by an individual, partnership or company carrying on a trade, profession or vocation, a UK non-residential

July 4, 2018

Published by Sinclair Day at July 4, 2018

Categories

Income Tax

1 million couples can still claim £900 tax refund

The marriage allowance allows couples to share part of their personal tax-free allowance in certain circumstances. The marriage allowance is available to married couples and those in a civil partnership where one partner has an unused personal

July 4, 2018

Published by Sinclair Day at July 4, 2018

Categories

Capital Gains Tax

What is Business Asset Rollover Relief?

Business Asset Rollover Relief allows taxpayers to delay paying Capital Gains Tax (CGT) on gains when they sell or dispose of certain assets and use all or part of the proceeds to buy new assets. The relief means that the CGT due on the gain of the

July 4, 2018

Published by Sinclair Day at July 4, 2018

Categories

General

Spousal tax reliefs for unmarried couples?

In a unanimous decision, the Supreme Court has decided that the law preventing opposite sex couples from entering into a civil partnership breaches the European Convention on Human Rights (ECHR). The appellants in this long running case are an