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Personal tax

Expert commentary and practical guidance from ICAEW related to personal taxation, covering areas including: capital gains tax, income tax, inheritance tax, pensions, residence and domicile, savings and investments and trusts.

In this section

TAXguide 13/18: IHT on overseas property

Finance (No 2) Act 2017 introduced significant changes to the taxation of foreign domiciliaries. In TAXguide 13/18 ICAEW, STEP, the CIOT and the Law Society have published questions and draft suggested answers to highlight and consider areas of uncertainty in the statutory provisions covering the extension of inheritance tax (IHT). Read a summary here and download the full guide.

TAXguide 01/17: Let property

This TAXguide provides guidance on the tax issues connected with let property from the point of view of the landlord. It concentrates on residential property and is aimed at practitioners who are advising individuals who have bought property as an investment, rather than commercial property development businesses. Read a summary here, Tax Faculty members can download the full guide.

Pensions deconstructed

The introduction of Freedom and Choice in Pensions and its liberalisation of the pension savings regime represented a watershed moment in the UK savings landscape.

Principal private residence relief

Brothers' tax dilema on widow’s cottage

A recent Tax Discussion Group debated the options for two brothers as they decide how to approach the sale of the cottage where their mother lives.

Demystifying ISAs

In support of lifetime members, ICAEW is sharing this article from Mazars Financial Planning reflecting on the Individual Savings Allowance (ISA), which was introduced close to 20 years ago, and the different options now available to help in tax planning.

TAXtalk May 2018

IHT is the flavour of the month, the Resolution Foundation published their take on it last week proposing a capital acquisition tax, the OTS is looking at simplification and the Chancellor promised a consultation on the taxation of trusts which will inevitably include IHT. Are they each going to come up with a different solution?