Specialised Tax Services 2/2

Dec 25, 20193 min

Inheritance tax – making tax-free gifts

There are various exemptions, and potential exemptions, which make it possible to make gifts free of inheritance tax. Making tax-free...

Dec 25, 20193 min

Residence nil rate band

Residence NIL Rate Band and downsizing The residence nil rate band (RNRB) is an additional nil rate band, which is available where a...

Dec 25, 20193 min

Tax-free Christmas parties

Tax-free Christmas parties Although the tax legislation contains an exemption to prevent employees from suffering a benefit-in-kind tax...

Dec 25, 20192 min

Private lettings relief

Lettings relief potentially shelters some of the gain from capital gains tax on the disposal of a property which has been an only or main...

Dec 25, 20192 min

Rewarding staff suggestions in a tax-free manner

Many organisations operate a staff suggestion scheme and reward employees where a suggestion is adopted which will benefit the...

Dec 25, 20192 min

A quick overview of capital gains tax

Capital gains tax is payable on net gains to the extent that they exceed the annual exempt amount. Capital gains tax is a tax on the...

Dec 25, 20192 min

Making money from your spare room

Under the rent-a-room scheme, it is possible to earn tax-free income from letting out a furnished room in your own home to a lodger. You...