Nathan Trust’s Post

Have you considered the recent Income Tax Amendments relating to the provisions of S21? Historically taxpayers could carry forward assessed losses indefinitely. With the recent changes there are two important aspects for consideration. 1. Even though you have tax accumulated tax losses, you may be required to pay tax on a portion of your taxable income for the year 2. Tax losses can no longer be carried forward indefinitely. (5 or 10 years limitation) One of the key concerns is the potential impact this will have on taxpayers looking to invest in large capital intensive projects. Often the capital allowances on these projects result in tax losses being created that can last a number of years. With the change in the legislation, the associated tax costs and forfeiting of tax losses may result in unintended costs to a project and a delay in making investment decisions. #namibiatax #taxchangesnamibia #taxlosses

The government’s recent announcements indicate that changes to non-dom status will apply from 6 April 2025, impacting income tax, capital gains tax, and inheritance tax. In today's blog we explore some of the best low-tax destinations and what they can offer UK tax payers considering a move. Take a look at the blog here: https://lnkd.in/edaTqHHA #nondoms #UK #lowtax #taxalternatives #taxconsultants #TheTaxFaculty #taxconsultants #expertadvice

The office of tax simplification have recommended to the government that they change the current system for capital gains tax which could mean property investors will face higher tax bills! (Watch/read/listen) https://lnkd.in/dC_kJ3Sp #BuyToLetFinance #MaximisingYield #FifeInvestors #InvestmentStrategies #FifeLandlords

𝐓𝐡𝐞 𝐠𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐡𝐚𝐬 𝐢𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐞𝐝 𝐚 𝐧𝐞𝐰 𝐨𝐩𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐜𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐢𝐧𝐠 𝐋𝐨𝐧𝐠-𝐓𝐞𝐫𝐦 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐆𝐚𝐢𝐧𝐬 (𝐋𝐓𝐂𝐆) 𝐭𝐚𝐱 𝐨𝐧 𝐩𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬, 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥𝐥𝐲 𝐚𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐭𝐚𝐱𝐩𝐚𝐲𝐞𝐫𝐬 𝐭𝐨 𝐩𝐚𝐲 𝐚 𝐥𝐨𝐰𝐞𝐫 𝐭𝐚𝐱 𝐫𝐚𝐭𝐞. This initiative is designed to simplify the tax calculation process for property sales and provide more clarity on tax liabilities. Under the current tax regime, LTCG on property is taxed at a rate of 20%, but with the new provisions, individuals can explore exemptions and reinvestment options to reduce their tax burden. This is particularly beneficial for those selling properties after holding them for more than two years, as they can reinvest the gains into new properties or specific bonds to avail of tax benefits. #LTCG #TaxSavings #PropertyTax #FinanceTips #RealEstate #Investment #TaxPlanning #GovernmentPolicy #realestate #ncr #innovest #innovesttechnology #CapitalGains #WealthManagement

The office of tax simplification have recommended to the government that they change the current system for capital gains tax which could mean property investors will face higher tax bills! (Watch/read/listen) https://lnkd.in/g8XsrnH5 #BuyToLetFinance #MaximisingYield #FifeInvestors #InvestmentStrategies #FifeLandlords

'Annual Exempt Amount' in the UK is the value of gains you can have in a tax year before Capital Gains Tax is payable. It helps to keep your tax bill down!💰 Want to navigate tax efficiently? Schedule a meeting on our website. #TaxSavings 👉🏻 swannaccounting.co.uk

The government has reaffirmed its new tax policy for long-term capital gains on real estate while introducing a relief measure for purchases made before July 23, 2023. If the tax calculated using indexation results in a lower amount than under the new regulations, taxpayers will not be required to pay the additional tax. For example, if indexation results in a tax liability of ₹100,000 and the new rules suggest ₹120,000, only ₹100,000 will be payable. In my view, this approach reflects a fair and balanced response by the government, effectively addressing public feedback on the LTCG ammendment. #LTCG #UnionBudget #Realestate

In Australia, tax payments are typically made annually, but depending on your income and business activities, you may also have quarterly payments. For detailed guidance tailored to your situation, visit https://buff.ly/4coNkLp #AustralianTax #TaxPayments #InvestaxServices #TaxAdvice

1st July, 9:38am (South Perth time) And there is a queue to get into the ATO portal. What I assume would be some very ambitious people lodging their tax returns. A friendly reminder that the tax framework in Australia is a self declaration method and whilst a lot of income is auto declared to the ATO and added your return, lodging a return before business’s have had the chance to report earnings and income may result in income not being automatically recorded on your tax return and a tax return relodgement required if you don’t record all income. Happy tax return season! #australiantax #ato #taxreturn #australianexpats

TAX FREE THRESHOLD For Australian resident for tax purposes, the first $18,200 of your income is tax free. It’s called the tax-free threshold. To reduce the possibility of getting a tax bill next year, only claim the tax-free threshold once, from one employer. To check if you are correctly claiming the tax-free threshold you need to ask your employer. #ato #taxreturn #taxrefund