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Your cryptocurrency is viewed by Inland Revenue as property – here’s how it will get taxed.
Episode 14 of our Rethink webinar series saw BDO’s Eyes on Tax Partner Iain Craig and Tax Partner Mark Lodder take us through the latest round of COVID-19 Government support, as well as providing a detailed look at the new tax rules for property and trusts.
The R&D Tax Incentive application deadline is fast approaching in August. Read more about the application process and what’s involved in General Approval.
What we now know: Proposed restrictions to interest deductions on residential investment propertiesIn March of this year, the Government announced an extension of the Brightline test for taxing residential property sales from 5 –years to 10-years, albeit with an exclusion for “new builds” (yet to...
Back in February the Government announced bold plans were afoot to “tilt the playing field” towards first time home buyers; and today we have the announcement.Here are the headlines:Bright-line test timeframe to double from five years to 10;No deductions for interest on residential property held...