Mike Warburton

Featured in: Favicon

msn.com

telegraph.co.uk Favicon

yahoo.com (+12) Favicon

thetimes.co.uk Favicon

aol.co.uk

Articles

More tax headaches are coming this year - unless you take action soon

Jan 14, 2025 | telegraph.co.uk | Mike Warburton

Email your tax questions to Mike at: [email protected] the end of the tax year approaching, this may be a good time to remind sole traders and partnerships of the way profits will now need to be declared on your next self-assessment tax return. This is in addition to the changes introduced last year on the way tax is assessed on profits – the so-called “basis period reform”, which I’ve written about previously.
HMRC can’t explain its own rules – and ordinary taxpayers are paying the price

Jan 7, 2025 | telegraph.co.uk | Mike Warburton

Email your tax questions to Mike at: [email protected] of the most common concerns raised by readers are the complexity of our tax rules and the difficulties they face trying to resolve problems with HM Revenue and Customs. In a few cases these issues become public knowledge, either because the taxpayer chooses to go to the media or a case goes to court. This is a recent example of the latter, but one which I fear might just be the tip of the iceberg.
‘I want to gift £125k under the seven-year rule – how will tapering work for my simple estate?

Dec 10, 2024 | msn.com | Mike Warburton

Continue reading More for You Continue reading More for You
‘I own a simple £450k estate - why are inheritance tax rules stacked against me?’

Dec 10, 2024 | telegraph.co.uk | Mike Warburton

Email your tax questions to Mike at: [email protected]. Dear Mike,I would appreciate an explanation of the taper arrangements for lifetime gifts. I had originally thought that this would apply to all gifts (other than out of regular income and the permitted range of small gifts) and be of use to those whose estate is marginally over the threshold limits.
‘My husband wants a divorce – how can I avoid a capital gains tax bill?’

Dec 3, 2024 | msn.com | Mike Warburton

Continue reading More for You Continue reading More for You
‘My husband wants a divorce - how can I avoid a capital gains tax bill?’

Dec 3, 2024 | telegraph.co.uk | Mike Warburton

Email your tax questions to Mike at: [email protected]. Dear Mike,My husband is asking for a divorce, which will result in the sale of the family home. I have a flat in London in my name only. Once the main house is sold, which I believe will be free from capital gains tax, if I do not buy another property – could I sell the flat without incurring the tax? Also, if I buy somewhere else which I also rent out rather than live in but keep the flat – would one property be capital gains tax free?
The little-used loophole that can help you dodge Labour’s capital gains raid

Nov 26, 2024 | msn.com | Mike Warburton

Continue reading More for You Continue reading More for You
The little-used loophole that can help you dodge Labour’s capital gains raid

Nov 26, 2024 | telegraph.co.uk | Mike Warburton

The Budget has increased the capital gains tax for basic-rate payers from 10pc to 18pc and the higher-rate from 20pc to 24pc Credit: Hollie Adams/Reuters Last week, I looked at the implications of the Budget proposal to include the value of “defined contribution” style pension funds into our estates for inheritance tax purposes. This week, I am considering the capital gains tax changes. The Budget has increased the capital gains tax for basic-rate payers from 10pc to 18pc and the higher-rate...
The little-known way to invest without being stung by capital gains tax

Nov 26, 2024 | finance.yahoo.com | Mike Warburton

The Budget has increased the capital gains tax for basic-rate payers from 10pc to 18pc and the higher-rate from 20pc to 24pc - Hollie Adams/Reuters &ZeroWidthSpace;Last week, I looked at the implications of the Budget proposal to include the value of “defined contribution” style pension funds into our estates for inheritance tax purposes. This week, I am considering the capital gains tax changes.
How to dodge Labour's double tax attack on pensions

Nov 20, 2024 | telegraph.co.uk | Mike Warburton

Chancellor Rachel Reeves announced that pensions will become subject to inheritance tax Credit: Nigel Howard Email your tax questions to Mike at: [email protected]. The main attack by the Chancellor Rachel Reeves on businesses may have been through increased employers’ National Insurance contributions, but for many readers of Telegraph Money, it is the changes in capital gains tax and inheritance tax that will hurt most. I will concentrate on inheritance tax this week and consider...