Diverted Profits Tax

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Diverted Profits Tax

This new tax is perhaps one of the most important changes for businesses trading with the UK, or UK businesses with non UK entities in their organisational structure. It is an example of the UK taking unilateral action in advance of the OECD BEPS initiative. Accordingly, there are still some questions on whether this is …

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Stamp Duty Land Tax

The new method of charging Stamp Duty Land Tax (SDLT) will be included in the Finance Bill. Residential land or property SDLT rates and thresholds are now: Purchase price/lease premium or transfer value  SDLT rate On the first £125,000 Zero On the next £125,000 2% On the next £675,000 5% On the next £575,000 10% …

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UK Property and Tax

Capital Gains tax for non UK residents on the sale of UK residential property This tax will apply from 6 April 2015. Tax at up to 28% will be charged on the difference between proceeds (less sale costs) and the property value at 6 April 2015 (or purchase price if later). Non-residents will have an obligation …

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Diverted Profits Tax

This new tax is perhaps one of the most important changes for businesses trading with the UK, or UK businesses with non UK entities in their organisational structure. It is an example of the UK taking unilateral action in advance of the OECD BEPS (Base Erosion and Profit Shifting) initiative – a comprehensive review of  the …

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Help to buy ISAs

The government has introduced a novel way to help first time home buyers purchasing property in the UK. By saving up to £200 per month in a ‘Help to Buy ISA’ the Government will boost those savings by 25%. That’s a bonus of £50 for every £200 saved, up to a maximum bonus of £3000 …

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Pension Funds

In accordance with previous practice the Government is slowly reducing the lifetime allowance for pension savings. The limit is currently £1.25m, but this is being reduced from 6 April 2016 to £1m. If your pension fund currently exceeds this new limit, or is actuarially likely to exceed this limit on your retirement date, please remember …

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