Edge Chartered Certified Accountants, Mortgages & Legal Advisers

The Capital Gains Tax (CGT) rules that apply during separation and divorce changed for disposals that occur on or after 6 April 2023. These changes extended the period for separating spouses and civil partners to make no gain/no loss transfers for up to three years after they cease to live together. The new rules also provide for an unlimited time if the assets are the subject of a formal divorce agreement. Previously, the no gain/no loss treatment was only available in relation to any disposals in the remainder of the tax year in which the separation happens.

Home Property Accountants We at Edge, know and understand property as we are investors ourselves and our founders have extensive property portfolio So, whether you’re looking for an expert property accountant or specialist tax and financial advisers, or even complete conveyancing services, you’ve com...

In April 2022, the government announced a package of measures intended to make the UK a global cryptoasset technology hub. One of the issues raised at the time concerned the tax treatment of Decentralised Finance (DeFi) and staking.

Home Property Accountants We at Edge, know and understand property as we are investors ourselves and our founders have extensive property portfolio So, whether you’re looking for an expert property accountant or specialist tax and financial advisers, or even complete conveyancing services, you’ve com...

HMRC offers an online service to check your National Insurance Contributions (NIC) record online. In order to use the service, you will need to have a Government Gateway account. If you don't have an account, you can apply online.

Home Property Accountants We at Edge, know and understand property as we are investors ourselves and our founders have extensive property portfolio So, whether you’re looking for an expert property accountant or specialist tax and financial advisers, or even complete conveyancing services, you’ve com...

There are a number of government approved share schemes which offer tax advantages to employees. The approved schemes are Share Incentive Plans (SIPs), Save As You Earn (SAYE) schemes, Company Share Option Plans (CSOPs) and Enterprise Management Incentive (EMI) schemes.

Home Property Accountants We at Edge, know and understand property as we are investors ourselves and our founders have extensive property portfolio So, whether you’re looking for an expert property accountant or specialist tax and financial advisers, or even complete conveyancing services, you’ve com...

There are certain tax rules that it is important to be aware of where you pay for the public transport costs of your employees. The provision of public transport costs include:

Home Property Accountants We at Edge, know and understand property as we are investors ourselves and our founders have extensive property portfolio So, whether you’re looking for an expert property accountant or specialist tax and financial advisers, or even complete conveyancing services, you’ve com...

The Bank of England’s Monetary Policy Committee (MPC) met on 10 May 2023 and voted 7-2 in favour of raising interest rates by 25 basis points to 4.5% in a move to try and continue to tackle continued inflation. This is the twelfth consecutive time that the MPC has increased interest rates with rates now the highest they have been since 2008.

HMRC interest rates increase again The Bank of England’s Monetary Policy Committee (MPC) met on 10 May 2023 and voted 7-2 in favour of raising interest rates by 25 basis points to 4.5% in a move to try and continue to tackle continued inflation. This is the twelfth consecutive time that the MPC has increased interest rates with ra...

There are a number of reliefs available that can reduce liability to Inheritance Tax (IHT).

Home Property Accountants We at Edge, know and understand property as we are investors ourselves and our founders have extensive property portfolio So, whether you’re looking for an expert property accountant or specialist tax and financial advisers, or even complete conveyancing services, you’ve com...

Directors are classed as employees and pay National Insurance on annual income from salary and bonuses that exceeds the Primary Threshold. The annual threshold is £12,570 in the current 2023-24 tax year.

Home Property Accountants We at Edge, know and understand property as we are investors ourselves and our founders have extensive property portfolio So, whether you’re looking for an expert property accountant or specialist tax and financial advisers, or even complete conveyancing services, you’ve com...

A new law that stops employers from withholding tips from people working in the hospitality, leisure and services sectors has come into force. The Employment (Allocation of Tips) Act 2023 received Royal Assent on 2 May 2023.

Home Property Accountants We at Edge, know and understand property as we are investors ourselves and our founders have extensive property portfolio So, whether you’re looking for an expert property accountant or specialist tax and financial advisers, or even complete conveyancing services, you’ve com...

The Cost of Living support package has been designed to help over 8 million households in receipt of mean tested benefits. The details for Cost of Living Payments due in the 2023-24 tax year have been published.

Home Property Accountants We at Edge, know and understand property as we are investors ourselves and our founders have extensive property portfolio So, whether you’re looking for an expert property accountant or specialist tax and financial advisers, or even complete conveyancing services, you’ve com...