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Tax Articles
Phoenixing Rules – Rising from the Ashes
FAQs – Phoenixing Rules A topic that is frequently asked about on our helpline relates to the Phoenixing Rules. “Phoenixing” which was introduced by Finance Bill 2016 and is in the legislation at ITTOIA05 S396B. The purpose of ITTOIA05 S396B is to prevent individuals converting what would otherwise be a dividend into a capital payment,…
Taxation of Capital Gains
Taxation of capital gains – scope extended by HMRC HMRC extends the scope of the UK’s taxation of capital gains accruing to non-UK residents to include gains on disposals of interests in all UK property. This measure was announced at Autumn Budget 2017 and a consultation ran from 22 November 2017 to 16 February 2018…