Taxpayers will need to take extra care reporting capital gains this year, it has been warned. Changes to the rates of Capital Gains Tax (CGT) made part-way through the 2024/25 tax year will mean the ...

HMRC is warning taxpayers that a change to tax rules will affect your calculation this January - and it may not be correct any more. HMRC has issued an urgent message to taxpayers over a change in the ...

The beneficiary who moved out two years ago was disabled under the HMRC criteria at CG64986, so there is enjoyment of final 36 months PPR exemption in any case, plus from the commencement of the trust ...

Capital gains tax has been increased since Labour came to power last year and there are rumours of a further hike. It comes after CGT rates were increased in the Autumn Budget and the latest HMRC data ...

Penalties for failing to notify HMRC about a capital gains tax liability have doubled in the past two years, according to new figures – and experts have said this could be the “tip of the iceberg”. A ...

It is widely expected that capital gains tax will make an appearance in next month’s Budget - but according to HMRC figures, hiking the tax could actually decrease revenues for the government.

One thing that was clear in last month’s Budget was that the chancellor plans to rely on background tax rises to plug holes in the public finances. Rachel Reeves may not have increased your income tax ...