The Marriage Allowance is a tax allowance that is often forgotten about. It offers individuals the chance to transfer part of their personal allowance to their husband, wife or civil partner, which could reduce their tax bill. For some couples, this could mean a backdated payment of up to four years of claims which could be as much as £1188.
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Latest articles from Amber Heron
As travel restrictions to and from the UK continue to apply, many taxpayers and their employers continue to raise concerns about the impact of additional unplanned days spent in the UK on their employees UK residence status, and it's knock on effect of how they are taxed in the UK.
As we approach the 31 January deadline for submitting annual tax returns (for the 2019/20 tax year, for electronic submissions only) some of us might be struggling more than ever to stick to the deadline, particularly in light of the ongoing lockdown restrictions. HMRC have just announced that it will waive fines for tax returns that miss the 31 January deadline this year – as long as these are filed online by 28 February.
Reliefs to stop HMRC claiming Capital Gains Tax when you sell a property that may have been your home
Recently there have been several challenges made on individuals claiming Principal Private Residence Relief (PPRR). In the last few days, a couple have managed to overturn HMRC's decision and claim full relief on the sale of a house they bought and renovated, despite living there for less than two months during which time they rented a house elsewhere.
Amber Heron is the Personal Tax Director at Harper Macleod and specialises in helping people with their taxation issues. Here, she looks at the potential Capital Gains Tax implications of selling a property.