Personal Tax Guidance

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Latest Guidance
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28 Jun 2019

The personal allowance is a deduction against net income that is available to all UK resident individuals (and some non-residents, see below). The basic personal...

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28 Jun 2019

The accrued income scheme was originally introduced as an anti-avoidance measure in 1985 to bring what would otherwise be a capital gain within the scope of income tax....

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27 Jun 2019

Maintenance payments are payments made by a taxpayer to his former or separated spouse for the maintenance of that former spouse or their children. To obtain any tax...

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27 Jun 2019

SummaryThe enterprise management incentive (EMI) scheme is a tax-advantaged share option employee incentive scheme aimed at small entrepreneurial companies that meet...

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27 Jun 2019

IntroductionEmployment-related securities (ERS) broadly means that the shares or securities in question are acquired in connection with an employment. The term...

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27 Jun 2019

When is the set off of losses restricted to component income?Not all losses can be relieved against total income; some losses can be set against certain types of...

Personal_tax_img
27 Jun 2019

Summary and backgroundSave as you earn (SAYE) schemes are savings-related share option schemes which provide directors and employees with the option to buy a specific...

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27 Jun 2019

A venture capital trust (VCT) is a quoted company that invests in shares and securities issued by qualifying unquoted trading companies with a permanent establishment in...

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27 Jun 2019

Interest paid on qualifying loans is deducted from the taxpayer’s total income (ie a Step 2 deduction from total income). See the Proforma income tax calculation guidance...

Personal_tax_img9
27 Jun 2019

From 6 April 2015, an individual can elect to transfer 10% of his personal allowance (£1,250 in 2019/20; £1,190 in 2018/19) to his spouse or civil partner where neither...

Latest Guidance
Personal_tax_img8
Personal Tax

The personal allowance is a deduction against net income that is available to all UK resident individuals (and some non-residents, see below). The basic personal...

Personal_tax_img4
Personal Tax

The accrued income scheme was originally introduced as an anti-avoidance measure in 1985 to bring what would otherwise be a capital gain within the scope of income tax....

Personal_tax_img4
Personal Tax

Maintenance payments are payments made by a taxpayer to his former or separated spouse for the maintenance of that former spouse or their children. To obtain any tax...

Personal_tax_img10
Personal Tax

SummaryThe enterprise management incentive (EMI) scheme is a tax-advantaged share option employee incentive scheme aimed at small entrepreneurial companies that meet...

Personal_tax_img3
Personal Tax

IntroductionEmployment-related securities (ERS) broadly means that the shares or securities in question are acquired in connection with an employment. The term...

Personal_tax_img9
Personal Tax

When is the set off of losses restricted to component income?Not all losses can be relieved against total income; some losses can be set against certain types of...

Personal_tax_img
Personal Tax

Summary and backgroundSave as you earn (SAYE) schemes are savings-related share option schemes which provide directors and employees with the option to buy a specific...

Personal_tax_img
Personal Tax

A venture capital trust (VCT) is a quoted company that invests in shares and securities issued by qualifying unquoted trading companies with a permanent establishment in...

Personal_tax_img9
Personal Tax

Interest paid on qualifying loans is deducted from the taxpayer’s total income (ie a Step 2 deduction from total income). See the Proforma income tax calculation guidance...

Personal_tax_img9
Personal Tax

From 6 April 2015, an individual can elect to transfer 10% of his personal allowance (£1,250 in 2019/20; £1,190 in 2018/19) to his spouse or civil partner where neither...