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m. 07840 895932
t. 01706 827921
lorraine@accountant-ramsbottom.com
Introduced from 1 March 2021. If you are VAT registered, work within CIS and deal with contractors and/or subcontractors, you will be affected. Click here for more info.
You must report and pay any tax due on UK residential property using a Capital Gains Tax on UK property account within 60 days of selling it. You may have to pay interest and penalties if you do not.
Would you like to save up to £250 per year in tax? Check out how here
Do you or your partner earn over £60,000? Does one of you claim Child Benefit? If the answer is yes, then you will be affected. Find out how much you will need to pay here
2024/25 | 2023/24 | |
---|---|---|
Personal Allowance | £12,570 | £12,570 |
Basic Rate Band | £37,700 | £37,700 |
VAT Threshold | £90,000 | £85,000 |
Dividend Allowance | £500 | £1,000 |