Factsheets.
A library of concise summaries of information. Pick a category below or search for a specific topic — and please contact us if we can provide further help and guidance.
All factsheets
Capital gains tax
We consider the taxation of capital gains and outline the reliefs available. If you live in the London area we, at Finance Wise Accounting Ltd, can provide taxation advice to ensure that maximum opportunity is taken of the reliefs available for capital gains tax.
Capital gains tax and the family home
A valuable relief exists on the sale of the family home but in certain situations careful planning is required to ensure that the relief is obtained. If you live in the London area we, at Finance Wise Accounting Ltd, can provide taxation advice to ensure that maximum opportunity
Inheritance tax - a summary
Inheritance tax is often called a voluntary tax in that, with planning, the payment of inheritance can be avoided. It is a tax levied on a person's estate when they die and on certain gifts made during an individual's lifetime. If you live in the London area we, at Finance Wise A
Inheritance tax avoidance - pre-owned assets
The Pre-Owned Assets rules may apply where an individual successfully removes an asset, usually property, from their estate for inheritance tax purposes but is able to continue to use the asset or benefit from it. If you live in the London area we, at Finance Wise Accounting Ltd,
Land Transaction Tax
Land Transaction Tax is payable by the purchaser in a land transaction which occurs in Wales. At Finance Wise Accounting Ltd, we can provide guidance on Land Transaction Tax in the London area.
Land and Buildings Transaction Tax
Land and Buildings Transaction Tax (LBTT) is payable on the acquisition of a chargeable interest of land or buildings in Scotland. It replaces UK Stamp Duty Land Tax (SDLT) for transactions in Scotland from April 2015. At Finance Wise Accounting Ltd, we can provide guidance on LB
Stamp Duty Land Tax
Stamp Duty Land Tax is payable by the purchaser in a land transaction which includes a simple conveyance of land such as buying a house but also creating a lease or assigning a lease. If you are considering property investment or acquiring a lease on a commercial property in the
Trusts
Trusts are separate persons for UK tax purposes and have specific rules for all the main taxes. There are also a range of anti-avoidance measures aimed at preventing exploitation of potential tax benefits. If you live in the London area we, at Finance Wise Accounting Ltd, can pro