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Murray Beith Murray is a leading Scottish private client law firm.

For over 170 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.

Call us today on 0131 225 1200
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Laura specialises in reviewing the financial affairs of individuals and trusts with a view to identifying tax planning opportunities and tax efficient schemes. Laura also has significant experience with offshore trusts and international tax matters.

Read more about Laura here.

Self Assessment deadline extended to 28 February: How does it work?

laura

The official deadline for filing a Self Assessment tax return for 2019-20 was 31 January 2021. However, in a last-minute move, HM Revenue & Customs (HMRC) extended the Self Assessment filing deadline to the 28 February 2021. In this article, we look at the extension to the deadline and highlight key dates and issues you need to be aware of.

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321 Hits

Why you should get your Self Assessment income tax return ready early

laura

If you have just raced to complete your Self Assessment tax return, you are not alone. Last year, HMRC reported that around 700,000 taxpayers left their tax return to the last day in 2020, with 26,500 people submitting their return between 11 pm and midnight - the last hour before the deadline. However, there are many advantages to preparing and submitting your Self Assessment tax return in advance. In this post, we look at some of the benefits of submitting your tax return early.

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  238 Hits
238 Hits

Entrepreneurs’ Relief now Business Asset Disposal Relief

laura

There has been much speculation around the possibility of abolishing Entrepreneurs’ Relief. However, the Government has decided to retain the relief with the purpose of encouraging genuine entrepreneurial risk-taking. One change that the Government did make is that from 2020/2021, Entrepreneurs’ Relief has been renamed as Business Asset Disposal Relief.

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588 Hits

How Gift Aid can benefit UK taxpayers and charities during the COVID19 Pandemic

laura

Charitable giving is at the forefront of many people’s thoughts during these unprecedented times.  Whether you wish to donate £10 or £10,000 to a charity all donations will be gratefully received; but you may not be aware the value of your gift could be worth even more to your chosen cause, with advantages to you as a UK taxpayer, using UK Government charitable tax reliefs.

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  745 Hits
745 Hits

Time to adjust to paying Capital Gains Tax on UK residential property disposals

laura

New rules which came in to force from  6 April 2020, accelerate the payment deadline for Capital Gains Tax on UK residential property disposals to 30 days of the sale.  This is a tight timescale and very different from the payment deadlines under the ‘old’ rules.  However, on 9 April, HMRC confirmed it will not charge late filing penalties for reports of Capital Gains Tax on disposals of UK residential property by UK residents made by 31 July 2020. 

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852 Hits

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