Cesca Accounting

ATED Annual tax on enveloped dwellings: The annual tax on enveloped dwellings will rise by 2.4% from 1 April 2019 in line with CPI. Capital Allowances Annual Investment Allowance: Temporary increase in annual limit: £1 milion. Change effective for expenditure between 1 January 2019 and 31 December 2020 New structure and building allowance Flat rate allowance … Continue reading BUDGET 2018 digested: main things you may need to Know

Budget 2018 is expected not to be of changes but rather of confirmations. A cautious fiscal policy that will help to take us through Brexit, increasing tax revenues and reducing the UK’s borrowing, but at the same time needing to remain competitive from both a personal and corporate tax perspective. UK is the number 1 … Continue reading Autumn Budget 2018: tax predictions

If you are resident but are non-UK domiciled, you have the benefit of avoiding paying income or capital gains tax on investments which are kept overseas as long as you do not bring the income or the gains into the UK; and you can also avoid inheritance tax on property held overseas. If you decide … Continue reading Business Investment Relief – a mutual symbiosis

Teachers and researchers resident abroad and highly-skilled re-patriated workers will benefit of a tax break if they return to Italy and transfer their tax residency to Italy. This is what art 2, law n.232/ 11 December 2016 states in accomplishment of the aims of Italian Budget 2017 that promotes economic, scientific and cultural development. Who can … Continue reading Tax break to attract human capital

Requirement to Correct RTC It is the new  legal obligation for those taxpayers impacted to correct any issue in relation to their ‘offshore matters’ that has given rise to a UK tax liability. An “offshore matter”  includes any connection to income, assets, activities or transfers involving territories outside the UK. RTC is the disclosure of offshore matter or … Continue reading Worldwide Disclosure – 31 September 2018