News & Publications

News & insights

Residential property owners: consider selling before 6 April 2020 to take advantage of the current CGT payment deadline
Posted: 10/02/2020
From 6 April 2020 (the start of the 2020/2021 tax year), the deadline for paying capital gains tax (CGT) following the sale of residential property will change. Sellers will have a substantially shorter period in which to pay the CGT owed – it is presently up to 21 months, but will be reduced to just 30 days......>>
Protecting your home from capital gains tax upon sale
Posted: 13/12/2019
The recent case of Higgins v HMRC [2019] EWCA (Civ) 1860 highlights one aspect of the limitations of the application of principal private residence relief (PPR) in relation to potential capital gains tax (CGT) when selling a property......>>
Penningtons Manches Cooper gains multiple nominations and scoops private client gong at The Legal 500 UK 2020 awards
Posted: 06/12/2019
The depth and high quality of Penningtons Manches Cooper's service offering has been acknowledged at this year's Legal 500 UK awards, with the firm gaining nominations in six categories across its commercial, IP and IT, finance, private client and real estate practices......>>
Entrepreneurs’ Relief: the importance of timing
Posted: 25/10/2019
Entrepreneurs’ Relief (ER) is a valuable capital gains tax (CGT) relief. If it applies, it reduces the normal top rates of CGT from 20%, or 28% in the case of residential property, to 10%. This rate applies to the first £10 million of gains (the ‘lifetime limit’) realised by the taxpayer......>>
Digital continuity - protecting your online assets without hiding the key
Posted: 27/09/2019
As we move more aspects of our lives and life administration online, the question of how to deal with this after death becomes increasingly complex......>>

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Publications

E-Bulletins

Private client alert - April 2017
In this issue: The Government confirmed this week that significant elements of the draft Finance Bill 2017 affecting non-domiciled individuals and offshore structures have been removed from its contents.

Private client alert - March 2017
In this issue: The Government has confirmed its plans to significantly increase probate fees which are paid when an application for a grant of representation is made following a person’s death.

Private client update - December 2016
In this issue: On the 6 April 2017 the UK’s tax regime will experience two significant changes, both of which are considered in this private client update.

Private client alert - November 2016
In this issue: The Autumn Statement was the Government’s first fiscal review of public finances since the Brexit vote. For private clients, the Government “recommitted” its support for several existing policies introduced by the previous conservative administration it replaced.

Private client and tax update - October 2016
In this issue: On 19 August 2016, the Government published a long awaited second consultation document on ‘Reforms to the taxation of non-domiciles’. Initial plans were outlined in the 2015 Budget.

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