Accountancy Newsletter #25

Accountancy Newsletter #25

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Saving inheritance tax on the family home

The threat of a large inheritance tax (IHT) bill means it is important to ensure that tax planning is up to date when it comes to the family home, explains Meg Saksida 

Charity used £450k property sale to fund luxury travel

Charity must improve its governance and financial controls after mismanagement of funds and undocumented spending 

MTD for income tax pilot opened up to more taxpayers

HMRC plans to extend the pilot for Making Tax Digital (MTD) for income tax self assessment to more self employed workers and landlords 

Capital gains tax for allowable expenditure - tips

‘No fault’ divorces raise complex tax issues

Changes to divorce laws make it important to ensure complex tax rules are followed to avoid a punishing tax bill

More healthcare professionals can certify fit notes

Sick notes can now be issued by more healthcare professionals to reduce administrative burden

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