News

Read our latest Practice News as well as sector specific and accountancy updates from across the UK.

Draft Scottish Budget 2018/19

The draft Scottish Budget was announced on 14 December by finance secretary Derek Mackay. This is the most significant Scottish draft budget to date with the finance secretary announcing that the Scottish Government will exercise Scotland’s income tax raising powers to make changes to the rates and bands applying to the Scottish rate of income tax.

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Budget 2017 – GWA’s Initial Interpretation

Chancellor Philip Hammond delivered the autumn budget on 22 November 2017. This is the first budget in a new annual tax policymaking cycle, where tax announcements are made more in advance than the previous spring budgets.

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Eating Cake for Children in Need

Eating Cake for Children in Need. A huge thank you to Tax Manager Tina Pratt and her sister Jackie for the amazing range of home-baked cakes and goodies they produced for our Berwick office.

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Inheritance tax: passing on wealth to the children

With the question of long-term care cost high on the agenda, early consideration of inheritance tax (lHT) and succession planning is now more important than ever. In general people are living longer and many will require care at some stage of their life. Consequently the family home and other assets may become vulnerable to being […]

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Selling a UK Rental Property

If you have a buy-to-let property, a second home or have ever let out your home you may have to pay Capital Gains Tax (CGT) when you sell the property. You pay a higher rate of CGT on gains from residential property than on gains from other assets. How much you pay will depend on […]

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