Principal Private Residence relief (PPR) – ‘bolt-on’ periods to be radically reduced

18/02/2019

PPR relief has been a highly valuable tax relief against the gains arising on the sale of a property that is or has been an individual’s only or main residence. The relief is essentially a time apportioned relief for periods of occupation of the property as a home, with a number of bolt-on periods where…

Read More

Probate fees hike will go ahead after all

18/02/2019

Clients will be aware that the Government had plans to significantly increase probate fees back in 2016, but these were dropped ahead of the 2017 snap general election. However, despite considerable opposition, the proposal reared its head again, and was confirmed in November 2018, with the Government arguing that significant rises to probate fees were…

Read More

Two new members of staff

Comments 0 by in News
18/02/2019

Victoria Kingman CTA Victoria joined websters in October 2018 and works in our Cambridge and Histon offices. In addition to managing her own portfolio of clients she oversees the UK tax return process in both offices ensuring that the work is of the highest standard and deadlines are met. Victoria has built up significant experience…

Read More

Shareholders Relocating to Australia – UK Company Issues

05/11/2018

As well as the personal matters shareholders face when relocating themselves to a different country, consideration should also be given to the effect on the UK company. In Australia, from a tax perspective, receipts on liquidation are treated differently than those in the UK. This can cause significantly increased tax liabilities, which could have been…

Read More

Determining Company Residence in Australia for Foreign Companies with Management in Australia

05/11/2018

ATO have recently published a tax ruling (TR 2018/5) setting out the Commissioner’s view on how to apply the central management and control test of company residency. Under the central management and control test of residency, a company must carry on its business in Australia and have its central management and control in Australia to…

Read More

Making Tax Digital and Cloud accounting

01/11/2018

Websters have been at the forefront of Cloud accounting from the launch of our Professional Online Accounting Service “WebsterAccounts” in 2003. Our online team is currently headed by Gary Eves and we are delighted that Karina Arrowsmith has joined us to strengthen our team dealing with regular Management Accounting and bookkeeping. The deadline for Making…

Read More