It’s time to start planning: The new system for Non-Doms
Written by Tax Partner, Thomas Adcock Last week the Government announced that the Non-Dom rules would be scrapped and replaced with a new simpler system from 6 April 2025. Based on what we understand (and the final legislation has not yet been published), there will be 5 groups of people this affects: Those who have […]
WEBINAR RECORDING: UK Landlords: Where Are We Now?
On Wednesday, 30th October 2024, we hosted a webinar entitled ‘UK Landlords: Where Are We Now?’. During this session, we covered: Latest tax news and developments relating to UK individual landlords The current CGT position and planning relating to such landlords The expenditure which can be claimed for income tax purposes The IHT position […]
Gravita celebrates International Women’s Day
Our DFK International* Women in Leadership Mentoring Programme allows some of our senior Gravita women to serve as mentors to other more junior female accountants, helping to create the next generation of female leaders in accountancy across the world. Having an experienced mentor who can draw upon personal experience in similar positions is invaluable when […]
Multiple Dwellings Relief (MDR) to be abolished
Written by Tax Partner, Thomas Adcock The Stamp Duty Land Tax (SDLT) relief know as Multiple Dwellings Relief (MDR) will be removed for completions taking place after 1 June 2024. Currently, where multiple properties are purchased at the same time, MDR applies to reduce the rate of SDLT payable. Property transactions with contracts which […]
Taxation of known non-domiciled individuals to be reformed
Written by Tax Partner, Thomas Adcock In yesterday’s 2024 Spring Budget, the Chancellor announced that the regime for taxing individuals who are not domiciled or deemed domiciled in the UK will be reformed from 6 April 2025, with transitional reliefs during 2025/6 and 2026/7. Currently, individuals who are not UK domiciled and who have been […]
Personal landlords: The Capital Gains Tax (CGT) regime
Individual landlords renting out residential property have to comply with a very stringent tax regime at present. They have to disallow their buy to let loan interest for higher rate income tax purposes. They can only claim relief when they replace the furniture and they have to pay an extra 3% stamp duty land […]
Webinar recording: R&D reinvented: Unlocking the power of innovation in the tech sector – Part Two
Gravita Corporate Tax Director, Kate Greenhough, and Gravita R&D Associate Director, Pieres Flowers, presented a webinar on R&D reinvented: Unlocking the power of innovation in the tech sector. If you attended Gravita’s previous R&D webinar in September 2023, we still recommend you watch this one as it will provide you with changes announced in […]
Webinar recording: Business Tax Refresher & Planning – Part Two
Gravita Tax Consultant, Tim Palmer, presented a one hour Business Tax Refresher & Planning webinar. Tim built further on the first Business Tax webinar that he presented for us in October 2023 – (do not worry if you were unable to attend the first webinar as the below was a stand-alone event.) During this session, […]
Landlords – Some practical tax tips
Written by Gravita Tax Consultant, Tim Palmer UK individual landlords have a lot of penal tax legislation directed towards them. I have specialised in the taxation of such landlords for many years now. Accordingly, I am going to list out reminders of some of the tax issues and requirements, together with any planning opportunities available. […]
Gravita Audit ranked as top ten auditor by total number of AIM clients.
A great start to 2024, as the quarterly results of the AIM Adviser Rankings are released, highlighting that ‘Gravita Audit records the most substantial gains’ taking us further up the rankings and into the top ten. Hailed by AIM Adviser Rankings, as ‘the standout performer in the mid-table rankings’, Gravita Audit is showcased once […]