Is My Crowdfunding Campaign Income Taxable? Crowdfunding has become a very common way to finance projects. The UK has experienced a sharp spike in equity crowdfunding volume since 2013, raising under £30 million to reach £550 million in 2020. Businesses and individuals can access alternative funds for their projects via various crowdfunding platforms in the […]
Read moreThe UK financial system features a broad range of tax brackets, allowances and earnings thresholds that apply to both private individuals and organisations alike. Businesses in particular need to be continually mindful of what the Government expects of them to ensure that they remain compliant and avoid any enforcement action from HMRC. Without an in-depth […]
Read moreIf you are selling a property in the UK that isn’t your main residence, you will normally be required to pay Capital Gains Tax (CGT) on any financial gains you make from the sale. Capital gains tax on residential property may be 18% or 28% of the gain, not the total sale price. HMRC provides […]
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