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How the UK's "100, 000 Tax Trap Threatens Global Investment
3+ hour, 4+ min ago (384+ words) streamlinefeed. co. ke The United Kingdom's taxation architecture is facing intense scrutiny as leading economists warn that anti-growth policies are actively penalizing ambition and driving wealth away As governments worldwide'from Kenya's controversial Finance Bill protests to Nigeria's sweeping tax reforms'grapple…...
Inherited property faces "120, 000 tax bill under reforms
5+ hour, 37+ min ago (551+ words) Property owners and investors could face substantially higher capital gains tax bills on inherited assets if proposed reforms are implemented, according to analysis from wealth manager Rathbones. The research examines two potential policy changes: removing the capital gains tax uplift…...
Inherited property could face "120, 000 capital gains tax hit under proposed reforms
5+ hour, 44+ min ago (982+ words) Families and property investors could face significantly higher Capital Gains Tax (CGT) bills if an Andy Burnham-led government adopts reforms currently being discussed, according to new analysis from wealth manager Rathbones. The report examines the potential impact of two proposals:…...
The new crypto tax rules investors need to prepare for now
1+ hour, 13+ min ago (679+ words) From 2027, crypto platforms must report user data to HMRC, meaning investors could face penalties for failing to declare and pay owed capital gains tax Crypto investors are being urged to ensure they have reported any capital gains to HMRC or…...
CGT speculation risks driving "unnecessary decisions
47+ min ago (415+ words) Speculation over capital gains tax policy risks driving unnecessary financial decisions, according to advice firm Isio. With Andy Burnham all but certain to become prime minister in the near future, and facing a continuing mismatch between spending and tax revenue,…...
Halifax customers urged to 'do one thing' before Lloyds switchover
44+ min ago (459+ words) Halifax customers are being told that they 'need to do one thing' before the brand is replaced by Lloyds. It was announced earlier this month (July 1) that the Halifax name, which is 173 years old, will be phased out by owners…...
No legal tender status for cryptocurrency but earnings subject to tax, Government clarifies
2+ hour, 35+ min ago (486+ words) Although cryptocurrencies are not recognized as legal tender in Sri Lanka, income generated through cryptocurrency transactions and related activities will be treated as "other income" by the Inland Revenue Department, the Deputy Minister of Finance and Planning, Anil Jayantha Fernando…...
Are Your Peachtree City Taxes Going Up? (No. But Yes.) | The Citizen
43+ min ago (866+ words) Last October, I spent the better part of an hour with the city's finance stafftrying to answer a simple question: How low can Peachtree City's taxes really go? The average homeowner pays about $100 a month for the city's share of…...
Beware: That two-pot withdrawal may come with a tax surprise
1+ hour, 30+ min ago (590+ words) South Africans who dipped into their retirement savings through the new Two-Pot Retirement System could face unexpected tax bills when filing their annual tax returns. IOL previously reported that the tax season officially kicked off on July 1 with the start…...
Mass tax cashback may be abolished in Uzbekistan
1+ hour, 1+ min ago (269+ words) There is a proposal to abolish the 1 percent tax cashback provided for purchase receipts in Uzbekistan. An institute under the Ministry of Economy and Finance considers it appropriate to shift from mass payments to targeted support measures. According to experts,…...