July 2016 Tax Tips & News
26th Jul 2016
Welcome to July's Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman.
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HMRC guidance on senior accounting officers
Help-to-save consultation launched
FRS 102 guidance on directors' loans revised
Q1: My mother died last year and left my brother and me a commercial business unit. Probate is nearly complete now. If we sell the property in the future, what are the capital gains tax implications on the sale?
Q2: I have recently registered for VAT. I am not very good when it comes to administration and I have heard that the flat rate scheme might help me. How does the scheme work?
Q3: I have a part time job and I earn about £8,000 a year. As my earnings are less than the tax-free personal allowance, can I transfer the unused amount to my husband?