Category Archives: Individuals & Families

Find out more about how we can help here: https://www.goodmanjones.com/who-we-help/personal-tax-planning

A Picture of Richard Verge - Tax Director

The measures to keep staff in place shows a welcome understanding of the real problems businesses are facing.

Summer Statement 2020

Richard Verge - Tax Director - rverge@goodmanjones.com

Posted on 9th July 2020

Categories:

What could affect private individuals, both in the UK and abroad, who may be watching what the UK does with interest?

Who will pay for the Government’s Coronavirus support? – What higher rate tax-payers need to consider now

Janet Pilborough-Skinner - jpilborough-skinner@goodmanjones.com

Posted on 29th June 2020

Categories:

A Picture of Aidan Roberson - Tax Manager

If the crisis drags on for several more weeks then you could easily breach the 60 day limit in 2020/21.

Can’t travel due to COVID-19 – what happens about my tax residency?

Aidan Roberson - Tax Manager - aroberson@goodmanjones.com

Posted on 16th April 2020

Categories:

We want to reassure you that our service to you will continue, despite the disruption caused by the measures required in response to the Covid-19 pandemic.

Covid-19: Goodman Jones working remotely in order to support you

Cetin Suleyman - Partner - csuleyman@goodmanjones.com

Posted on 23rd March 2020

Categories:

From 6 April 2020, HMRC require tax on capital gains on disposals of UK residential property to be reported and paid within 30 days. This means paying tax up to 21 months earlier than under the previous rules, which is likely to catch many people unawares.

Selling residential property? You may need to pay tax sooner than you think

Aidan Roberson - Tax Manager - aroberson@goodmanjones.com

Posted on 9th March 2020

Categories:

New trusts will need to be registered within 30 days of being settled, and changes to trusts must also be updated on the TRS within 30 days.

HMRC’s Trust Registration Service and the 5th Anti-Money Laundering Directive (5AMLD)

Aidan Roberson - Tax Manager - aroberson@goodmanjones.com

Posted on 25th February 2020

Categories:

What happens if you withdraw valuable euros now? Back on 5 April 2012 the law said that you had to pay capital gains tax on the foreign exchange gains in bank accounts. Thankfully, the following day new rules came in which exempted gains (and losses) on bank accounts holding foreign currency.

Capital gains tax on foreign exchange gains and losses for individuals

Aidan Roberson - Tax Manager - aroberson@goodmanjones.com

Posted on 5th December 2019

Categories:

This case emphasises the importance of having an up-to-date will that leaves precise instruction for the division of assets.

Unintended and expensive consequences of not having an up-to-date will

Janet Pilborough-Skinner - jpilborough-skinner@goodmanjones.com

Posted on 22nd October 2019

Categories:

Individuals & Families

A Picture of Hazel Johnson - Tax Director

There is likely to be some pressure on IHT reliefs in the future, perhaps seeing some restrictions being brought in

What is the Report into simplifying Inheritance Tax (IHT) from the Office of Tax Simplification (OTS) and what should you do?

Hazel Johnson - Tax Director - hjohnson@goodmanjones.com

Posted on 26th July 2019

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Category Archives: Individuals & Families

The measures to keep staff in place shows a welcome understanding of the real problems businesses are facing.

Summer Statement 2020

What could affect private individuals, both in the UK and abroad, who may be watching what the UK does with interest?

Who will pay for the Government’s Coronavirus support? – What higher rate tax-payers need to consider now

If the crisis drags on for several more weeks then you could easily breach the 60 day limit in 2020/21.

Can’t travel due to COVID-19 – what happens about my tax residency?

From 6 April 2020, HMRC require tax on capital gains on disposals of UK residential property to be reported and paid within 30 days. This means paying tax up to 21 months earlier than under the previous rules, which is likely to catch many people unawares.

Selling residential property? You may need to pay tax sooner than you think

New trusts will need to be registered within 30 days of being settled, and changes to trusts must also be updated on the TRS within 30 days.

HMRC’s Trust Registration Service and the 5th Anti-Money Laundering Directive (5AMLD)

What happens if you withdraw valuable euros now? Back on 5 April 2012 the law said that you had to pay capital gains tax on the foreign exchange gains in bank accounts. Thankfully, the following day new rules came in which exempted gains (and losses) on bank accounts holding foreign currency.

Capital gains tax on foreign exchange gains and losses for individuals

This case emphasises the importance of having an up-to-date will that leaves precise instruction for the division of assets.

Unintended and expensive consequences of not having an up-to-date will

There is likely to be some pressure on IHT reliefs in the future, perhaps seeing some restrictions being brought in

What is the Report into simplifying Inheritance Tax (IHT) from the Office of Tax Simplification (OTS) and what should you do?

The measures to keep staff in place shows a welcome understanding of the real problems businesses are facing.

What could affect private individuals, both in the UK and abroad, who may be watching what the UK does with interest?

If the crisis drags on for several more weeks then you could easily breach the 60 day limit in 2020/21.

We want to reassure you that our service to you will continue, despite the disruption caused by the measures required in response to the Covid-19 pandemic.

From 6 April 2020, HMRC require tax on capital gains on disposals of UK residential property to be reported and paid within 30 days. This means paying tax up to 21 months earlier than under the previous rules, which is likely to catch many people unawares.

New trusts will need to be registered within 30 days of being settled, and changes to trusts must also be updated on the TRS within 30 days.

What happens if you withdraw valuable euros now? Back on 5 April 2012 the law said that you had to pay capital gains tax on the foreign exchange gains in bank accounts. Thankfully, the following day new rules came in which exempted gains (and losses) on bank accounts holding foreign currency.

This case emphasises the importance of having an up-to-date will that leaves precise instruction for the division of assets.

There is likely to be some pressure on IHT reliefs in the future, perhaps seeing some restrictions being brought in

SITR means that individuals can claim 30% of the cost of investing in a qualifying social enterprise