Resource Centre

April 2017

Cars for Employees

The current regime for taxing employer provided cars (commonly referred to as company cars) is intended:

Small Company Accounting

The extent of the change will vary on a company by company basis. It will depend upon the nature of the company’s activities and the types of assets which it has.

National Insurance

National insurance contributions (NICs) are essentially a tax on earned income. The NICs regime divides income into different classes: Class 1 contributions are payable on earnings from employment, while the profits of the self-employed are liable to Class 2 and 4 contributions.

Capital Gains Tax and the Family Home

The capital gains tax (CGT) exemption for gains made on the sale of your home is one of the most valuable reliefs from which many people benefit during their lifetime. The relief is well known: CGT exemption whatever the level of the capital gain on the sale of any property that has been your main residence. In this factsheet we look at the operation of the relief and consider factors that may cause it to be restricted.

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