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 […]

Capital Gains Tax Refresher & Planning

We invite you to join us and Tim Palmer, our Tax Consultant, at our tax webinar on Thursday morning 28th November 2024 entitled ‘Capital Gains Tax Refresher & Planning’.   During this session, Tim will be covering:   Latest tax news and developments relating to capital gains tax Capital gains tax planning in 2024/25 for individuals […]

Gravita’s Spring Budget Report 2024

With the release of the Spring Budget, sign-up to download Gravita’s Spring Budget Report, detailing everything you need to know about what the changes and implications could mean for you. Sign-up today, by filling out the below.

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 […]

Spring Budget Highlights 2024

The Chancellor’s Spring Budget 2024 was expected to be one of the most political Budgets of recent times – and it didn’t disappoint. This is, after all, the final chance for the Government to show the voting public what tax could look like under a continuing Conservative Government. Whatever happens, no one really expects this […]

Personal landlords: The Capital Gains Tax (CGT) regime

Written by Gravita Tax Consultant, Tim Palmer Individual landlords renting out residential property have to comply with a very stringent tax regime at present. Gravita’s Tax Consultant, Tim Palmer, reviews the position.   They have to disallow their buy to let loan interest for higher rate income tax purposes. They can only claim relief when […]

Gravita’s Year End Tax Planner for Corporates

Gravita’s Corporate Year End Tax Planner is a guide designed to assist you in optimising your tax strategy before your year end. This guide will equip you with crucial knowledge of incentives, tax reliefs, and allowances, some of which have the potential to significantly benefit your business. Here are just some of the areas you […]

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, […]

Doing business in the UK – A tax perspective

The UK continues to be one of the most attractive places for global businesses to locate to in the world. With one of the most robust and trusted legal systems, for hundreds of years businesses and assets have been far better protected in the UK than in many other jurisdictions; the UK’s legal system is […]