Category Archives: Personal Tax

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 - Managing Partner - csuleyman@goodmanjones.com

Updated on 23rd March 2020

Categories:

A Picture of Richard Verge - Tax Director

his first budget speech which was understandably dominated by the potential threat of the coronavirus on the economy

2020 Budget Summary

Richard Verge - Tax Director - rverge@goodmanjones.com

Updated on 12th March 2020

Categories:

A Picture of Aidan Roberson - Tax Manager

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

Updated 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

Updated on 17th December 2019

Categories:

It’s important to understand the new rules, and their implications for your portfolio strategies. And it’s vital that your ownership structures take account of the risks, while being as tax efficient as possible.

Foreign ownership of UK property: What do the new rules mean for your investment structures?

Richard Verge - Tax Director - rverge@goodmanjones.com

Updated on 17th December 2019

Categories:

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

Updated on 17th December 2019

Categories:

Previously only residential property had been within the charge to NRCGT, but from 6 April 2019 onwards the sale of any UK land and property by a non-resident will be subject to capital gains tax.

UK Commercial Property owned by non-residents

Richard Verge - Tax Director - rverge@goodmanjones.com

Updated on 17th December 2019

Categories:

Philip Hammond was only prepared to make a modest number of spending commitments in his Spring Statement

The 2019 Spring Statement – Summary

Richard Verge - Tax Director - rverge@goodmanjones.com

Updated on 17th December 2019

Categories:

We wish for a long period of calm and stability with minimal tax changes so we can plan for the future with certainty.

Spring Statement: A wishlist of what could have been included

Richard Verge - Tax Director - rverge@goodmanjones.com

Updated on 17th December 2019

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.

his first budget speech which was understandably dominated by the potential threat of the coronavirus on the economy

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.

It’s important to understand the new rules, and their implications for your portfolio strategies. And it’s vital that your ownership structures take account of the risks, while being as tax efficient as possible.

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

Previously only residential property had been within the charge to NRCGT, but from 6 April 2019 onwards the sale of any UK land and property by a non-resident will be subject to capital gains tax.

Philip Hammond was only prepared to make a modest number of spending commitments in his Spring Statement

We wish for a long period of calm and stability with minimal tax changes so we can plan for the future with certainty.