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If you trade in shares, crypto, etc, and you’re considering selling a few things, you may want to ensure that most fall in the 2022/2023 tax year because, as you may or may not know, the capital gains tax annual exempt amount drops from £12,300 to £6,000 effective April 2023. In 2024, it’s £3,000!
The HM Revenue and Customs Second Incomes Campaign is still running to give employees who do bits on the side a chance to come clean. If you are employed and have untaxed income from sources such as consultancy, buying and selling goods (Ebay, car boot sales), organising parties, taxi driving, hairdressing, childminding, etc, you might … Continue reading
Phoenix Debola 