More on the Budget

More on the Budget

Things to consider…..   Corporate Gains. Legislation is to be introduced to freeze the indexation allowance when computing the chargeable gains of companies. Indexation allowance for disposals which occur on or after 1 January 2018 will be computed by reference...
Dividend Allowance

Dividend Allowance

The current regime for taxing dividends has been in place since 6 April 2016. Under the rules, all taxpayers, regardless of the rate at which they pay tax, are eligible for a ‘dividend allowance’. Although termed an ‘allowance’, in reality the dividend allowance is a...
Food For Thought on Dividends

Food For Thought on Dividends

Have you remembered this? There is now a 7.5% tax charge on net dividend income over £5,000. The first £5,000 will be exempt, but thereafter the new charge will apply. From 5th April 2018 this limit now falls to £2,000. In January 2018, many taxpayers, whose main...