Taxation

Income Tax and Capital Gains Tax

Huw Aled Accountants are specialists in the field of taxation for individuals, in particular the preparation of income tax returns, self-employed and rental accounts, comprehensive Capital Gains Tax calculations and liaising with HM Revenue & Customs.

The standard scope of work involves the completion of accounts, preparing and submitting tax returns and VAT returns.

Huw and Aled regularly handle complex tax returns for senior employees and directors, with matters including the taxation of bonus payments, the compliance with higher rate bands of dividend tax, the carry forward of unused pension relief and of dealing with multiple income streams.

A recent client testimonial read as follows:

"Many thanks for your professional help and guidance."

Capital Gains Tax Changes from 6 April 2020:

The deadline by which owners with taxable gains on residential property have to pay will reduce from 22 months to 30 days. From 6 April 2020, capital gains tax forms will need to be submitted to HMRC, with the amount paid within 30 days of completion of the sale.

There are two separate penalty structures for the late filing, and for the late payment of the capital gains tax.

If you are planning to sell any property in the next couple of months, you may want to try and sell it before 6 April 2020, when this new change comes into effect. Please get in touch if you wish to review your potential Capital Gains Tax liabilities and associated deadlines for filing and payment.

Huw is authorised in his full name of David Huw Roberts by the Chartered Institute of Management Accountants to work as a Member in Practice. 

Aled is authorised in his full name of Aled Wyn Thomas by the Institute of Chartered Accountants in England and Wales to work as a Member in Practice.

Huw’s detailed tax knowledge and experience have led to him being asked to broadcast live for BBC Radio Cymru on Budget day, providing immediate analysis of the Chancellor’s Budget announcements.  He has also broadcast live on the BBC on other days of national importance, including the 2016 Brexit vote and the 2017 General Election.

 

Contact Huw Aled Accountants