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Compulsory purchase of land and Capital Gains Tax

Farmers and landowners who lose land under a Compulsory Purchase Order for a new road scheme have many things to consider, including Capital Gains Tax, and legal or valuation issues. 

Furnished holiday letting – changes to tax

From the 6 April 2025, the tax treatment of Furnished Holiday Lets (FHL) changed. Income from these properties is now treated the same as other residential lets.

This is expected to impact 127,000 holiday let owners across the country.

Package of tax measures aimed at simplifying our tax system, but what does it mean for taxpayers?

The Government has announced a package of measures that will impact businesses and individuals across the UK. The various changes will apply to different sized businesses and their operations and it is important to understand the impact they will have.

Experienced corporate tax adviser takes up Partner role with Armstrong Watson in Manchester

Armstrong Watson is delighted to announced the appointment of Tax Partner Tania Dimitrovich, who will lead and grow the firm's tax practice in Manchester. 

10 tax changes starting in April 2025

The Chancellor focused on spending cuts in the 2025 Spring Statement rather than raising taxes, but a string of previously announced changes to tax legislation are set to come into play from April.

Spring Forecast 2025 – will the Chancellor announce further changes?

The Chancellor Rachel Reeves has said previously that there would only be one major fiscal event in a year so that individuals and businesses would have stability. However, she will stand up in the Commons to make a statement in response to the latest forecasts from the Office of Budget Responsibility (OBR) on March 26 and potentially be in a very different situation to what she expected just a few months ago.

Airbnb, Amazon, Vinted and Etsy sellers – have you registered your ‘side hustle?’

Individuals receiving additional income from side hustles are being urged to report to HMRC if they bring in more than the annual Trading Allowance, which allows individuals to earn up to £1,000 additional tax free income each tax year.

BlueCrest case highlights importance of LLPs’ compliance with Salaried Member Rules

A significant legal development has once again highlighted the need for Limited Liability Partnerships (LLPs) to carefully consider HMRC’s Salaried Member Rules.

File your self assessment tax return early

It is never too early to complete your self-assessment tax return. In fact, as soon as the tax year ends you can submit your tax return. Leaving it until the last minute can lead to increased stress and anxiety, errors and omissions not to mention potential delays and penalties.

Tax issues for farm landlords and tenants

There are various tax issues that arise in relation to transactions between landlords and farm tenants, and the Inheritance Tax (IHT) changes announced in the 2024 Autumn Budget will bring huge challenges for both parties.