Individual Taxation


Dividend taxation for investors

Since April 2016 dividends received by an investor have been considered gross following the abolition of the 10% tax credit. Individuals now have a £5,000 dividend allowance, this article demonstrates how the band works. Topic:Income Tax

CGT a summary of how the tax applies

This article sets out the main rules relating to capital gains tax (CGT). Topic:Capital Gains Tax
Sterling notes

The 0% rate of tax on Savings Income

The £5,000 nil-rate starting band for savings is available where earned income is less than £16,000 and yet individuals with taxable income greater than this can make use of it.

30-day Bed and Breakfast rules and CGT

This article explains the capital gains tax rules surrounding the sale and repurchase of the same shares and unit trusts within 30 days. Topic:Capital Gains Tax
sterling notes

The 0% rate of tax on Savings Income

With effect from 6 April 2015 the starting rate of tax for savings income was reduced from 10% to a zero rate. In addition, the savings rate band was increased from £2880 per year to £5000 and the ability to claim tax free interest was introduced but what does this all mean to investors? Topic:Income Tax
girl in garden

High income child benefit charge

This article explains how the tax charge works for individuals affected by the high income child benefit charge. Topic:Income Tax
Modern building

Property, CGT and PRR for the International Investor

Subject to certain reliefs and allowances, UK residents are liable to Capital Gains Tax (CGT) when they sell capital assets (including property), whether these are situated in the UK or overseas. Topic:Capital Gains Tax
Child money

Finance bill (no.2) 2017 – items removed

The decision to hold a general election on 8 June 2017 has resulted in a number of items being removed from the Finance Bill (No.2) 2017. This article lists some of the key items which have been removed.
Group of people

HMRC to recalculate wholly disproportionate gains on part surrenders and part assignments

This article provides an overview of the new application process introduced in the Finance Bill 2017 which a policyholder must follow to have their gains on a part surrender or a part assignment recalculated by HMRC. Topic:Income Tax

Abolishing the permanency of non-dom status – consultation update

HM Treasury has issued a response to the September 2015 consultation concerning non-domicile status for tax purposes. The response generally confirms little change to the original proposals.

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