Deposit interest retention tax (DIRT) DIRT is tax deducted of 41% on any deposit interest earned in a year. If you, or your spouse or civil partner, are: aged 65 or over or are permanently incapacitated and your total income (including the Gross DIRT Income) is less than 18k as a single person or 36k for a married couple you can…
If I transfer an asset to my spouse or civil partner do I have to pay CGT? No, when the asset is transferred it is treated as if no gain/no loss occurred on the transfer. The benefiting spouse or civil partner inherits the base cost and period of ownership from the spouse or civil partner…
Company Cars in “car-pools” There is an exemption from BIK in respect of a company car which is in a “car-pool”. A car can be treated as being in a car-pool if: the car is made available to, and is actually used by, more than one employee and is not ordinarily used by one employee to the exclusion…
