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GENERAL ACCOUNTING NEWS & TIPS

Three Types of Tax Investigation

A tax investigation is an enquiry permitted by HMRC They look into your financial affairs due to reasonable doubt in your tax payments The duration of this process can usually take place between 6 months to 12 months As a result, the time constraint depends mainly on the type of examination that is being carried […]

Who Needs Tax Planning?

When it comes to accountancy, it’s very important to have all of your affairs in proper order to avoid numerous common tax problems that could arise Sometimes, people might be aware of certain tax services, but could be unaware that they require it This is especially true of tax planning services – those who need […]

Everything You Need to Know about Capital Gains Tax

Capital gains tax (CGT) is payable when you sell an asset that has increased in value since you bought it The rate varies based on several factors, such as your income and size of gain For residential property, it maybe 18% or 28% of the gain (not the total sale price)

Inheritance Tax – Everything You Need To Know

Inheritance tax (IHT) is the tax on the estate, which is passed on due to the owner being deceased The estate includes the property, money and possessions This transfer rate was created on the 18th of March 1986 Working hard all your life being taxed, just to pay taxes after death It is a tough […]

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