Personal Tax

Landlords return to property market

Following changes to stamp duty land tax from 1 April 2016, landlords are slowly returning to the buy-to-let property market.

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HMRC call times triple

Average HMRC call waiting times have tripled over the last 18 months, resulting in a loss to taxpayers of £97 million last year.

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Wedding season 2016 – gifts and tax relief

With wedding season fast approaching, the Institute of Chartered Accountants in England and Wales is reminding guests of the tax relief available if they choose to make a gift to a married couple.

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Tax credit overpayment change introduced

A number of changes relating to the way that tax credit overpayments are dealt with have come into force from 6 April 2016.

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Many grandparents planning on passing inheritance to grandchildren

70% of grandparents are planning on leaving an inheritance to their grandchildren, while 55% will ring fence the money to ensure it is passed on, according to research by SunLife.

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Stamp duty tax changes concern for joint buyers

The 3% higher rate stamp duty land tax on second homes and buy-to-lets coming into effect 1 April 2016 could adversely impact parents buying jointly with their children to help them into the housing market.

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Personal savings allowance difficult to understand

Taxpayers will have difficulty understanding the tax-free savings allowance which is being introduced from 6 April 2016, according to the Low Incomes Tax Reform Group.

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Peer-to-peer lending at record high in 2015

Peer-to-peer lending growth reached more than £2.2 billion in 2015, according to figures by Peer-to-Peer Finance Association.

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Insolvencies continued to fall in 2015

The number of people being declared insolvent was at its lowest level for a decade, according to the Insolvency Service show.

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Record rise in new year tax return submissions

The number of people submitting their self-assessment tax return online on new year's eve rose to 24,546.

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