Importance of Management Reporting

Understanding the Taxation of Trusts in the UK

Introduction Trusts have long been a vital component of estate planning in the United Kingdom, offering individuals a flexible and efficient way to manage and distribute their assets. However, the taxation of trusts is a multifaceted subject that demands a nuanced understanding to navigate successfully. In this comprehensive guide, we…

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Taxation of Cryptocurrency

Taxation of Cryptocurrency

As cryptocurrency becomes more mainstream, governments across the globe have been grappling with how to tax cryptocurrencies. The United Kingdom is no exception, and HM Revenue and Customs (HMRC) issued specific guidance on the taxation of cryptocurrencies in December 2019. Under UK tax law, cryptocurrencies are treated as property rather…

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