Murray Beith Murray LLP is a leading Scottish private client law firm.
For 175 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.
Join Murray Beith Murray Associate, Caroline Pringle, for this important new webinar aimed at private client practitioners specialising in estate planning and trusts, on 26 June at 12.30pm.
If you are self-isolating or shielding during the coronavirus outbreak, you may be concerned about how you will take care of your financial affairs. There are measures you can put in place to allow someone you trust to handle these matters while you are unable to.
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.
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.
The UK’s tax regime is anything but straightforward with a constantly shifting set of rules, further complicated by the recent COVID-19 pandemic’s impact on legislation and the practicalities of communicating and transacting with HMRC at this time. It has never been more important to seek specialist tax advice to manage potential risks and utilise the best options available to you.
