Resource Centre

Taxation Advice

Autumn Budget 2017

On Wednesday 22nd November, Philip Hammond presented his budget statement. We have prepared a summary to outline the issues that are most likely to be of interest to you. 

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.

Taxation of the Family

Individuals are subject to a system of independent taxation so husbands and wives are taxed separately. This can give rise to valuable tax planning opportunities. Furthermore, the tax position of any children is important.

Stamp Duty Land Tax

SDLT is payable by the purchaser in a land transaction England, Wales and Northern Ireland.

Property Investment - Tax aspects

Investment in property has been and continues to be a popular form of investment by many people. It is seen as a route by which:

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