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Alextra Accountants
Inheritance Tax And Potentially Exempt Transfers
It is possible to make gifts during your lifetime free of Inheritance Tax (IHT), as long as you live for more than seven years after making the gift. Most lifetime transfers are ‘potentially exempt tr...
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Alextra Accountants
Private Lettings Relief
Lettings relief potentially shelters some of the gain from capital gains tax on the disposal of a property which has been an only or main residence at some point during the period of ownership and whi...
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Afford Bond Chartered Accountants
HMRC warns offshore tax deadline looming
Taxpayers only have one month left to disclose any undeclared offshore tax liabilities to HMRC or risk paying a substantial fine, said Afford Bond Partner, Paul Edwards. The requirement-to-correct (RT...
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Alextra Accountants
VAT Capital Goods Scheme
The VAT capital goods scheme affects input tax recovery in relation to high value capital assets by partially exempt traders and businesses where assets are used for both business and non-business pur...
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