Personal tax

Record number of property sales exceed IHT nil-rate band

A record proportion of properties sold in 2016 to date exceeded the inheritance tax (IHT) nil-rate band limit of £325,000.

ISA investments at record high

£80 billion was subscribed to ISA accounts during the 2015/16 tax year, according to figures released by HMRC.

Faster tax repayments through personal tax account

Taxpayers can now receive tax repayments directly from HMRC using their online personal tax account.

Reminder: changes to interest rates on late payments

Late payment and repayment interest rates charged for the main taxes and duties will change on 23 August 2016.

HMRC cuts trigger customer service concerns

Cuts to HMRC's personal tax services over the next 5 years could lead to a drop in customer service quality.

Home ownership falls to 1986 levels

Purchasing your first property? Home ownership has seen its sharpest fall since the early 2000s.

Help to Save tax treatment under scrutiny

The Low Income Tax Reform Group is calling for the Help to Save scheme to be exempt from income tax ahead of its implementation.

Average rent growth slows in May

Renting a home? Average rent for homes across England and Wales is now at £792 per month, an increase of 1.8% over the last 12 months.

Fewer retirees able to pass on inheritance

Planning on leaving an inheritance to your family? The number of new retirees passing on inheritance to their loved ones has fallen to its lowest level in 6 years.

Landlords return to property market

Following changes to stamp duty land tax from 1 April 2016, landlords are slowly returning to the buy-to-let property market.

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