Personal tax news
December 1st, 2009
Pre 6th April 2008 Prior to 6th April 2008, the UK tax position favoured UK equity (i.e. share) investments over foreign (i.e. non-UK) equity investments. Whilst dividend income from both was subject…
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September 1st, 2009
As most high earners are painfully aware, a new additional higher rate of tax of 50 per cent will apply from 6 April 2010. As a result of this increase, a dividend upper rate of 42.5 per cent will…
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September 1st, 2009
The non-UK domiciled but UK resident individual is in the fortunate position of being subject to income and capital gains tax only on UK source income and UK situs assets. Income arising outside the…
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August 1st, 2009
The Employment Act 2008 came into force on 6 April 2009, and it contains a number of changes to the way in which the Minimum Wage Legislation is enforced. The National Minimum Wage was introduced in…
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August 1st, 2009
When transferring non business assets such as let-property to children a capital gain arises as a transfer of assets to a connected person is treated as though it is disposed at market value. With a…
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