by Neil Da Costa | Sep 21, 2021 | Uncategorized
Usually, gifts of cash do not have any tax implications if they are paid out of the donor’s income. This is because cash is an exempt asset for capital gains tax and an exemption is also available for inheritance tax as long as the gift does not reduce the donor’s...
by Neil Da Costa | Sep 20, 2021 | Uncategorized
When buying a property, most people do not understand the difference between being joint tenants or tenants in common. If you buy a property as joint tenants, this means that when you die, your share of the property automatically goes to the surviving tenants. This...
by Neil Da Costa | Sep 11, 2021 | Uncategorized
To help support my tax students, I have launched ‘Neil Da Costa’s Tax Exam Podcasts’ and the first 3 episodes have been published. This is a great study tool and I will be restricting each episode to just 15 minutes so they can be used to quickly...
by Neil Da Costa | Sep 10, 2021 | Uncategorized
When most of us were in High School we were graded based on our academic ability. The high achievers were put in Set 1 while the strugglers were put in Set 5. The ridiculous thing is decades later, people still carry these labels and the students in Set 5 still feel...
by Neil Da Costa | Sep 9, 2021 | Uncategorized
Boris Johnson has made a revolutionary change in increasing the rate of national insurance by 1.25% from 22/23 to pay for social care. This means that employees will now pay Primary Class I NIC at 13.25% and 3.25% instead of 12% and 2%. Employers will pay Secondary...
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