22/04/2024tax , Tax Issues , Tax News and Tips , Tax Saving Tips , Taxation
What is the tax on lottery winnings? As with any significant windfall, it’s essential to consider the tax implications to ensure that your good fortune isn’t diminished by unforeseen tax liabilities. In the UK, lottery winnings are tax-free, but this doesn’t mean that winners are completely exempt from tax. Understanding these tax rules and regulations …
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09/04/2024tax , Tax Issues , Tax News and Tips , Tax Saving Tips
Wondering about what is the tax on investment income? In the UK, there are two main types of taxes that an investor has to consider, income tax on investment income and capital gains tax. Let’s take a look at what each type of tax consists of, and how they affect investors in the UK. Income …
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01/03/2023tax , Tax Issues , Tax News and Tips , Tax Saving Tips , Taxation
We all aim to take benefits from the old and precious stuff we have in our homes that came from the category of antiques or are years old and have precious market value still. If you are also the one who is looking for a beneficial way to get an advantage from owning an antique, …
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29/11/2022tax , Tax Issues , Tax News and Tips , Tax Saving Tips
Any type of property or house that is inherited is able to increase the value of an estate. However, you need to be very careful regarding this matter because if you do not handle it efficiently, you will end up paying more tax than you ever expected in higher tax bands. This mostly happens in …
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08/09/2022Tax Issues , Tax Saving Tips
Capital gains tax on a second home is different than the gains of a main residential property when you are living in the UK. You are obliged to follow the set of rules when you are planning to sell a second home. As we all know that private residence relief is also only entitled to …
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11/08/2021Landlord , Personal Tax , Tax Issues , VAT
Taxes are always unexciting. However, if you want to buy or sell a property in the UK, you need to know the ins and outs of property taxes in the UK. So let’s delve deep into it. Currently, the UK government is focusing more on imposing taxes on residential property. In this instance, certain changes …
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10/03/2021Tax Issues
What are Chargeable Gains? The gain in your asset’s value from the time it is purchased till the time it is sold is known as chargeable gains. This process is also called capital gains. A capital gains tax is levied on the chargeable assets. Chargeable loss is the opposite of chargeable gains. If you are …
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Aamara Waqas2023-08-27Caroline Oake2021-11-14James Smith2020-08-11For 15 minutes work Mr Burke started with 150+VAT per hour for two hours to quoting 600+VAT.Maurizio Paolella2019-12-08Reliable professionals - I would certainly recommend.Anna Ruse2019-11-21After meeting Peter Burke at a local Networking group, Cruse & Burke Accountants have been handling my self assessment tax returns, since I started working on a self employed basis over 6 years ago. They are efficient and everything is done quickly and professionally, which is great for me, as I would otherwise not have a clue how to complete them myself. I can definitely recommend their services.Alan Harwood2019-10-22John Agbai2019-06-26Very professional and knowledgeable in all aspects of taxation. A great team to have onside.Simon Piller2019-04-03Susan provides a very efficient payroll service for me.Johanna Cargill2019-01-21Excellent, no complaints. Always willing to help!Rebecca Smith2015-04-20Fantastic customer service, would 100% recommend!!
