Timing trouble for couples . We previously told you about the government’s intention to allow married couples and civil partners extra time to reorganise their financial affairs following separation or divorce ( yr.22, iss.7, pg.2 , see The next step ). Under current rules couples have until the end of the tax year in which they permanently separate to transfer assets between each other without the transfers potentially resulting in a capital gain (or loss). This can be trick
The so-called mini-Budget exceeded expectations on tax cuts but there was more in the new Chancellor’s statement than that. What do the tax cuts amount to in hard cash and how might the other changes announced affect you and your business? For more information, contact us.
Among the surprising announcements made by the Chancellor in his mini-Budget was the cancellation of the changes made to the IR35 rules in 2017 and 2021. How might this affect you or your business? For more information, contact us.