Page content Tax Aware Issue 15: January 2022 News Taxing crypto: When is a currency not a currency? For UK tax purposes, HMRC view cryptoassets as neither currency nor money. Sale of cryptoassets may thus trigger capital gains tax. HMRC have started to pursue those they think are non-compliant. News EIS Relief: Pipped to the Post EIS relief is available to certain taxpayers buying share in certain "trading companies". The Tax Tribunal have held that companies that outsource their trading activities may still be viewed as "trading". News SDLT: HMRC consultation on Multiple Dwellings Relief and mixed use properties HMRC have launched a consultation on potentially restricting SDLT reductions for those claiming Multiple Dwelling Relief, and for transfers of "mixed use" properties. News Seeing Double: How do tax treaties restrict double taxation? With effective tax planning, Double Tax Treaties can be used to effectively reduce double taxation, provided the relevant conditions are satisfied in the context of the specific taxpayer and the relevant profit. News Tax investigatory powers extended to directors of dissolved companies The new Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act 2021 continues the trend of greater corporate governance burdens being placed on directors. Directors of dissolved companies can now also be investigated. News UK income tax charged on share options exercised by non-UK residents In a recent case, the Court of Appeal has held that the right to acquire securities arises at the moment a share option is granted, not when it vests. The tax residence of the taxpayer at the time of the grant may therefore dictate their UK tax liability. News Tax Aware FAQ: I am a US citizen living in the UK – when and how should I pay my taxes? As a US expatriate living in the UK, this article outlines exactly what you need to know about filing a US (and UK) tax returns to avoid double taxation. Previous Issues Prev Next Issue 17 Sep 2022 Issue 16 Apr 2022 Issue 15 Jan 2022 Issue 14 Jun 2021 Issue 13 Feb 2021 Issue 12 Sep 2020 Issue 11 Apr 2020 Issue 10 Nov 2019 Issue 9 Jul 2019 Issue 8 Feb 2019 Issue 7 Oct 2018 Issue 6 Jul 2018 Issue 5 Apr 2018 Issue 4 Jan 2018 Issue 3 Oct 2017 Share
News Taxing crypto: When is a currency not a currency? For UK tax purposes, HMRC view cryptoassets as neither currency nor money. Sale of cryptoassets may thus trigger capital gains tax. HMRC have started to pursue those they think are non-compliant.
News EIS Relief: Pipped to the Post EIS relief is available to certain taxpayers buying share in certain "trading companies". The Tax Tribunal have held that companies that outsource their trading activities may still be viewed as "trading".
News SDLT: HMRC consultation on Multiple Dwellings Relief and mixed use properties HMRC have launched a consultation on potentially restricting SDLT reductions for those claiming Multiple Dwelling Relief, and for transfers of "mixed use" properties.
News Seeing Double: How do tax treaties restrict double taxation? With effective tax planning, Double Tax Treaties can be used to effectively reduce double taxation, provided the relevant conditions are satisfied in the context of the specific taxpayer and the relevant profit.
News Tax investigatory powers extended to directors of dissolved companies The new Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act 2021 continues the trend of greater corporate governance burdens being placed on directors. Directors of dissolved companies can now also be investigated.
News UK income tax charged on share options exercised by non-UK residents In a recent case, the Court of Appeal has held that the right to acquire securities arises at the moment a share option is granted, not when it vests. The tax residence of the taxpayer at the time of the grant may therefore dictate their UK tax liability.
News Tax Aware FAQ: I am a US citizen living in the UK – when and how should I pay my taxes? As a US expatriate living in the UK, this article outlines exactly what you need to know about filing a US (and UK) tax returns to avoid double taxation.