Category - Industry news and insights
Tax Talk is a regular series written by FSL’s Tax Reporting Analyst, Alex Ranahan. Alex has nearly ten years’ experience as a tax adviser and analyst. He is accredited by The Association of Taxation Technicians and was recently elected co-chair of the Tax Committee for The Investing and Saving Alliance. Alex’s Tax Talks are on […]
What are the CGT changes? Chancellor Rachel Reeves announced in the Autumn Budget on October 30 that the main rates of capital gains tax (CGT) would be increasing with immediate effect. The higher rate of CGT increased to 24% from 20%, and the lower rate rose to 18% from 10%. The rates of CGT that […]
Back in July, the newly elected Labour government outlined its planned reforms to the taxation of non-domiciled (non-dom) individuals, saying it would end the “preferential” tax treatment of foreign income and gains (FIG) based on the “outdated” concept of domicile. Labour confirmed it would abolish the regime in the Autumn Budget on October 30 and […]