For higher or additional rate income tax payers, the rate is 24 per cent. For those on the basic rate, it’s 18 per cent.

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ...

The ITAT Visakhapatnam allowed a trust's appeal, restoring its Section 11 exemption. The sale of property to a trustee at market value was not a violation of Section 13, as no undue benefit was ...

ITAT deletes ₹2936 Cr penalty on CGTMSE, affirming its charitable nature and ruling proviso to Section 2(15) inapplicable. Prior ITAT rulings ...

In his time as chancellor of the exchequer, Gordon Brown made many such trusts subject to inheritance tax. If a homeowner was ...

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has assured Nigerians that the new tax laws will lighten the burden for most citizens, contrary to widespread ...

Buying a holiday home in the UK has become substantially more expensive in recent years. Along with the cost of paying for the home itself, purchasers now need to budget for the additional stamp duty ...

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When Angela Rayner, the now-former deputy prime minister and housing secretary, was caught underpaying stamp duty on her £800,000 seaside flat, it was widely expected that she would step down. The ...

Higher stamp duty costs led to a drop-off in activity across the property market earlier this year, according to the latest data. The Financial Conduct Authority's mortgage lending figures reveal a ...

Use the sales tax calculator to figure out how much sales tax you’ll potentially owe on a purchase. Many, or all, of the products featured on this page are from our advertising partners who compensate ...

The Treasury reportedly plans to abandon stamp duty and replace it with a new property tax in the autumn budget, but the move could prove contentious. Not everyone is in favour of introducing a new ...