November 2024 - SJPR UK

28 Nov 24

How Council Tax is calculated

To calculate your Council Tax, you need to know the following: The valuation band of your property in England, Wales, or Scotland The amount your local council charges for that

28 Nov 24

Gifts of land and buildings to charities

There are special rules in place for taxpayers who make gifts of land and buildings to charity. This can include Income Tax and Capital Gains Tax (CGT) relief provided all the

28 Nov 24

Landlords with undeclared Income

The Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with an opportunity to regularise their affairs by

28 Nov 24

Approaching the VAT registration threshold

When approaching the VAT registration threshold there are important matters to consider. The VAT registration threshold is the point at which businesses must register for VAT with

28 Nov 24

Seven year rule still applies – IHT PETs

There are specific rules regarding the liability to Inheritance Tax (IHT) on gifts made during a person's lifetime. In most cases, gifts made during a person’s life are not taxed

28 Nov 24

Changes to CGT Investors’ Relief

The rate of Capital Gains Tax (CGT) for Investors’ Relief will rise from 10% to 14% for disposals made on or after 6 April 2025. It will then increase further to 18% for disposals

25 Nov 24

What does EBITDA stand for?

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortisation. It's a widely used financial metric that provides a measure of a company's operating performance,

25 Nov 24

What are your concerns?

According to the Office for National Statistics as of October 2024, the primary concerns among individuals in the UK are: National Health Service (NHS): 85% of adults identified

21 Nov 24

Close company anti-avoidance measure

As part of the Autumn 2024 Budget measures, the government introduced new anti-avoidance provisions to prevent the abuse of the existing close company anti-avoidance rule. The

21 Nov 24

Car and van fuel benefit charges from 6 April 2025

The vehicle benefit charges for 2024-25 were announced at Autumn Budget 2024. The government will introduce legislation by statutory instrument in December 2024 to ensure the

Month: November 2024

How Council Tax is calculated

Gifts of land and buildings to charities

Landlords with undeclared Income

Approaching the VAT registration threshold

Seven year rule still applies – IHT PETs

Changes to CGT Investors’ Relief

What does EBITDA stand for?

What are your concerns?

Close company anti-avoidance measure

Car and van fuel benefit charges from 6 April 2025

Tax Diary May/June 2025

Be wary of the legitimacy of post-termination employment restrictions – they may not be reasonable or enforceable

Make the most of trivial benefit payments 2025-26

SJPR