ATED: New Annual Tax Rules from 1 April 2016

ATED is an annual tax payable by companies and other non-natural persons that own UK residential properties.  From 1 April 2016 onwards ATED will apply to properties valued at £500,000 or more, where it previously only applied to properties worth at least £1 million.  The ATED valuation date is 1 April 2012 or the date the property was acquired if that was later.

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Changes to the Taxation of Share Awards for Expats

Changes to the Taxation of Share Awards for Expats The UK’s income tax and National Insurance Contributions (NIC) rules for the treatment of an internationally mobile employee (IME) receiving employment related securities (ERS) share awards will change from 6 April 2015. Income Tax The current rules for the income tax treatment of ERS received by […]
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Self Assessment Penalties for Tax Year Ended 5 April 2013

Self Assessment Penalties for Tax Year Ended 5 April 2013 Self-assessment tax returns (form SA100) for the year ended 5 April 2013 need to be submitted to H M Revenue & Customs (HMRC) no later 31 January 2014. The returns will need to be filed electronically as the date for submitting returns in paper copy […]
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UK Letting Income – Changes to “10% Wear and Tear” Rules

Wear and Tear Rules: Landlords Letting Income Changes Under an HM Revenue & Customs (HMRC) concession, up until 5 April 2013 landlords letting out furnished residential properties had the right to claim tax relief for the cost of items such as furniture, furnishings and white goods through either a “wear and tear allowance” or on […]
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