Kinetic Tax

21/06/2025

Call us on today on 07405971096 to book a consultation. Ideal for Landlords or home owners.

26/05/2020

https://youtu.be/M2q6ScPhfq4

To book a consultation at the Islamic Council of Europe, visit here: http://ICeurope.org/ Saracens solicitors (Fraz Butt): https://saracenssolicitors.co.uk/ ...

09/05/2020

Shariah Wills, and Tax questions answered.

Register details below.

Video stream will be available after to view on Facebook.

19/11/2019

Since its Election Season heres an IHT caveat for you.

It is well known that gifts to charities and political parties are exempt from inheritance tax (IHT). The key is to ensure that the recipient is indeed a charity or a political party (both as defined in legislation). Under section 24, only donations to a political party that, at the last election preceding the transfer of value, had at least two MPs or one seat and 150,000 votes will be exempt.

In a recent publicised case Arron Banks (via his companies) donated almost £1m to UKIP before the Brexit referendum in June 2016. The UK Tax Tribunal (First-tier) has therefore decided that HMRC was within its rights to charge £163,000 of inheritance tax.

24/09/2019

18/07/2019

https://www.bbc.co.uk/news/business-48881477

Fewer people should pay tax on gifts given before death, under proposals for an inheritance tax overhaul.

17/06/2019

http://moneyage.co.uk/Labour-ponders-replacing-IHT-with-a-lifetime-tax-to-raise-15bn.php

A report commissioned by the Labour party has suggested replacing inheritance tax (IHT) with a lifetime tax on all gifts from parents to their children in excess of £125,000

05/06/2019

Last week saw the end HMRCs amnesty launched in March 2013 targeting owners of second homes where Capital Gains Tax should have been paid.

HMRC said that by using the campaign to come forward voluntarily, people would receive the best possible terms. In particular with regards to penalties and the potential for prosecution otherwise.

Now that the amnesty period has ended, HMRC will increase its activity in identifying people who have failed to pay Capital Gains Tax by using the extensive levels of information and data it holds about property sales in the UK and abroad. Such information includes Stamp Duty Land Tax data, online sourced data, Land Registry and information obtained from third parties including mortgage lenders, rental and managing agents.

Last month, HMRC reportedly sent letters to 35,000 taxpayers who had not yet registered to pay Capital Gains Tax from the sale of a second home, holiday home or buy-to-let property. HMRCs investigations will go back up to 20 years. According to the 2011 census, almost 1.6m people have a second home in England and Wales, with 820,000 owning a second property abroad.

30/04/2019

https://t.co/rUBV4ksBxp

“https://t.co/rUBV4ksBxp”

18/04/2019

Jo Maugham QC () Tweeted: A stunning front page from the best newspaper in the country. We need proper wealth taxes and we need them now. https://t.co/mwXpEG6BRd https://t.co/v0Bsj4fUzi via: .ga

“Jo Maugham QC () Tweeted: A stunning front page from the best newspaper in the country. We need proper wealth taxes and we need them now. https://t.co/mwXpEG6BRd https://t.co/v0Bsj4fUzi”

14/04/2019

https://t.co/WfA8uXCD78 via: .ga

“https://t.co/WfA8uXCD78”