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View Local Authority Grants | Registration Forms

Local Authority Grants | Registration Forms

As local authorities work to deliver grants of £10,000 or £25,000, we have noticed that new pages are appearing on their websites. Some have already put application/registration forms on their website to no doubt manage the influx of requests and outline criteria for the support. Below we have listed the addresses of local authorities, some…

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View Mis-Selling Of Leasehold Interests

Mis-Selling Of Leasehold Interests

The Competition and Marketing Authority (CMA) has published information recently that points to evidence of potential mis-selling and unfair contract terms in the leasehold housing market. Their concerns have been listed below: Ground Rents Homeowners having to pay escalating ground rents, which in some cases can double every 10 years. This increase is often built…

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View Residential Property Sales | 30 Days Or Else

Residential Property Sales | 30 Days Or Else

From 6 April 2020, residential property sales that are subject to capital gains tax (CGT) will need to be reported to HMRC within 30 days of the sale. Any CGT due will also need to be paid in this 30-day-period. Property Sales Affected a property that you’ve not used as your main home a holiday…

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View Tax Year 2019/20 | Bracey’s Are On Your Side

Tax Year 2019/20 | Bracey’s Are On Your Side

As we approach the end of the tax year 2019/20, it is worth reflecting on the role of HMRC in our tax affairs. Without a doubt, HMRC, tax legislation and its application, will continue to ensure that you pay your taxes. You can rely on HMRC to pounce if they feel that you have underpaid…

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View Dormant Money Scheme To Be Expanded

Dormant Money Scheme To Be Expanded

Money untouched for over 15 years in bank accounts has been funding good causes under the Dormant Assets Scheme that launched in 2011. Around £600m has been transferred from High Street banks and building societies to support community initiatives across the UK. The Government is now planning to extend the scheme. What Sectors Would Be…

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View Discount Is Good News For Pubs

Discount Is Good News For Pubs

Publicans have a reason to celebrate with the Government’s announcement of a £1,000 business rates discount for pubs. The relief announced on 27 January 2020 will be available to public houses with a rateable value of less than £100,000 and it will apply for one year from April 2020. Central government will reimburse local authorities…

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View When Does Gifting Become Tax-Free?

When Does Gifting Become Tax-Free?

There are certain gifts you can make that will not create a capital gains tax (CGT) charge, but care should be taken as there are exceptions. Gifts To Your Spouse Or Civil Partner Ordinarily, you will not pay CGT if you gift assets – that would normally create a charge to CGT if sold elsewhere…

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View Breathing Space For Those In Debt

Breathing Space For Those In Debt

In a recent news story published to the Government website it was announced that a new breathing space period will freeze interest, fees and enforcement for people in problem debt, with further protections for those in mental health crisis treatment. Millions of people will be helped by the Government to get their finances under control….

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View Do You Have A Furnished Holiday Lets Business?

Do You Have A Furnished Holiday Lets Business?

Most property owners who let property under the Furnished Holiday Let (FHL) tax rules, submit their income and expenditure details on their tax return each year. Is your FHL business accounts year due on the end of the tax year, 31 March (5 April)? Then, we suggest that you take out your calculator and booking…

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