CGT

Double tax hit looms for umbrella contractors

Staff Reporter Oct 18, 2024

Rumours of the October Budget revealing increases to Capital Gains Tax (CGT) and Employer National Insurance could significantly squeeze the income of umbrella company contractors, impacting both their take-home pay and long-term financial…

Sold a property? HMRC on hunt for “missing” CGT

Staff Reporter Nov 30, 2021

HMRC is sending out a new batch of nudge letters to sellers of residential properties to make sure that they have paid the right amount of capital gains tax. The tax authority believes that some may owe another 8% on top of what they have…

Sunak sets sights on self-employed and CGT tax hikes

Katherine Steiner-Dicks Jan 3, 2021

The UK's Chancellor of the Exchequer, Rishi Sunak, has expressed that the self-employed should be expected to pay higher taxes. In an effort to 'equalise' tax contributions and taxpayer support between the salaried, self-employed and…