Personal savings allowance update

Personal savings allowance update

From 6 April 2016, the personal savings allowance (PSA) will allow basic rate taxpayers to receive up to ÂŁ1,000 of savings income tax-free. For higher rate taxpayers, this limit will be ÂŁ500. HMRC have published guidance setting out details of what counts as...
March Questions and Answers

March Questions and Answers

Q. What are the implications of selling my Scottish home? I own and live in a property in Scotland. What are the implications of me selling the house to a relative, who will buy it using a buy-to-let mortgage, and allow me to stay in it and pay rent to her as a...
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