Apr 1, 2021 | Personal Tax
A temporary increase to the threshold for land and buildings transaction tax (LBTT) on residential properties in Scotland has come to an end as of 1 April 2021. The threshold for LBTT had been increased to £250,000 during the pandemic, but has now returned to its...
Mar 31, 2021 | Personal Tax
Investors in cryptoassets have received further clarity on the tax treatment of their unregulated investments, as HMRC published new and updated guidance on the topic. Cryptoassets, as defined by the tax authority, are "cryptographically secured digital...
Mar 3, 2021 | Government AnnouncementsPersonal Tax
Personal tax thresholds frozen until 2026 In 2021/22, the personal allowance will rise to £12,570 and the higher-rate threshold to £50,270 - but after that, both thresholds will remain frozen until 2025/26. The same goes for the £325,000 inheritance tax threshold, the...
Mar 3, 2021 | Business TaxPersonal Tax
COVID-19 financial support extended Jonathan Geldart, director-general of the Institute of Directors, said: "The extension to the furlough scheme will provide a vital cushion to support jobs as restrictions unwind and firms begin the costly process of rescaling....
Dec 22, 2020 | Personal Tax
The Government currently has no plans to extend the stamp duty land tax (SDLT) holiday in England and Northern Ireland beyond next spring. On 8 July 2020, Chancellor Rishi Sunak raised the stamp duty land tax-free threshold from £125,000 to £500,000 until 31 March...
