Personal Tax Guidance

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Latest Guidance
Personal_tax_img2
28 Jun 2019

SummaryAs with any other discretionary option plan, a non tax-advantaged share option plan involves the granting of a specific number of options to an individual. These...

Personal_tax_img10
28 Jun 2019

The profits from the surrender of certain life insurance policies are treated as savings income (rather than capital gains) and taxed last after all other income (‘top...

Personal_tax_img4
28 Jun 2019

Termination payments are payments compensating an individual for the loss of his job. They can take the form of cash or benefits in kind. Termination payments will either...

Personal_tax_img10
28 Jun 2019

Historically, non-qualifying distributions were distributions that did not qualify for a dividend tax credit. This was usually because they could be structured to be paid...

Personal_tax_img2
28 Jun 2019

Redundancy payments fall into two categories: statutory payments and non-statutory payments.Statutory redundancy is the amount which must be paid by the employer to the...

Personal_tax_img10
28 Jun 2019

IntroductionOver many years successive Governments have introduced measures to curb what they have seen as being unacceptable tax avoidance. This is different to tax...

Personal_tax_img6
28 Jun 2019

Where a share (or other qualifying asset) acquired by the employee is a readily convertible asset (RCA), both income tax and Class 1 national insurance contributions...

Personal_tax_img3
28 Jun 2019

Relief for trading losses for sole traders is discussed in detail in the following guidance notes:•Losses in opening years of trade•Losses incurred by continuing...

Personal_tax_img
28 Jun 2019

IntroductionThe cap on unlimited income tax reliefs applies from 6 April 2013 (although transitional rules apply in relation to prior tax years, see below). The cap only...

Personal_tax_img9
28 Jun 2019

Companies sometimes provide directors, employees or shareholders with low interest (or interest-free) loans either as part of the reward package or on special occasions...

Latest Guidance
Personal_tax_img2
Personal Tax

SummaryAs with any other discretionary option plan, a non tax-advantaged share option plan involves the granting of a specific number of options to an individual. These...

Personal_tax_img10
Personal Tax

The profits from the surrender of certain life insurance policies are treated as savings income (rather than capital gains) and taxed last after all other income (‘top...

Personal_tax_img4
Personal Tax

Termination payments are payments compensating an individual for the loss of his job. They can take the form of cash or benefits in kind. Termination payments will either...

Personal_tax_img10
Personal Tax

Historically, non-qualifying distributions were distributions that did not qualify for a dividend tax credit. This was usually because they could be structured to be paid...

Personal_tax_img2
Personal Tax

Redundancy payments fall into two categories: statutory payments and non-statutory payments.Statutory redundancy is the amount which must be paid by the employer to the...

Personal_tax_img10
Personal Tax

IntroductionOver many years successive Governments have introduced measures to curb what they have seen as being unacceptable tax avoidance. This is different to tax...

Personal_tax_img6
Personal Tax

Where a share (or other qualifying asset) acquired by the employee is a readily convertible asset (RCA), both income tax and Class 1 national insurance contributions...

Personal_tax_img3
Personal Tax

Relief for trading losses for sole traders is discussed in detail in the following guidance notes:•Losses in opening years of trade•Losses incurred by continuing...

Personal_tax_img
Personal Tax

IntroductionThe cap on unlimited income tax reliefs applies from 6 April 2013 (although transitional rules apply in relation to prior tax years, see below). The cap only...

Personal_tax_img9
Personal Tax

Companies sometimes provide directors, employees or shareholders with low interest (or interest-free) loans either as part of the reward package or on special occasions...