Capital gains tax receipts have reached a record £22.2bn for the 2025-2026 tax yr, considerably exceeding the earlier peak of £16.9bn recorded in 2022-23. The newest HMRC information additionally reveals receipts surpassed the £13.7bn recorded over the identical interval in 2024-25 and outperformed the Office for Budget Responsibility’s forecast of £20.3bn set on the Autumn…
A humorous factor occurred on the strategy to the funds: changes to capital gains tax and negative gearing, which had for years been a no-go zone, are now wanting seemingly. One of the first occasions I wrote about adverse gearing was in 2015 once I lined the then treasurer Joe Hockey showing on Q+A. He…
The promise was easy and seductive: Pass the One Big Beautiful Bill Act, flood American wallets with historic tax refunds, and watch the shopper economic system roar. For a number of weeks this winter, it seemed prefer it may truly work. Then the bombs began falling on Iran. Now Wall Street has delivered its verdict….
Professional poker player Erik Seidel says he selected to semi-retire this yr — however not as a result of his profession was slowing down. Seidel performed his first main match in 1988, ending as runner-up within the World Series of Poker principal occasion. He grew to become a full-time skilled poker player in 1995, and…
State pensioners may unlock a free TV licence and assist with council tax by claiming an underused Department for Work and Pensions (DWP) benefit. It comes as greater than 12 million pensioners at the moment are receiving a lift to their State Pension after funds rose from April 6, 2026. Both the essential and new…
Why POET Technologies Stock Is Back on Investors’ Radar POET Technologies (POET) has drawn recent consideration after it publicly addressed considerations round its passive international funding firm tax standing and outlined plans to redomicile its headquarters to the United States, pending shareholder approval. See our latest analysis for POET Technologies. The latest clarification round PFIC…
President Donald Trump and New York City Mayor Zohran Mamdani have appeared fairly cordial since their assembly on housing on the White House final month. Then came this week’s tax news. On Wednesday, New York Gov. Kathy Hochul formally announced her and Mamdani’s proposal to tax people who have second homes in New York City…
A Motability customer has launched a legal action against the Treasury over funds measures that he says will put at risk the mobility “lifeline” the scheme gives to disabled individuals. Charlie Proctor, from Dorset, despatched a legal letter to the Treasury final week, arguing that the tax measures announced last November by chancellor Rachel Reeves…
FOX Business’ Madison Alworth joins ‘The Big Money Show’ to report on New York Gov. Kathy Hochul’s proposed NYC second-home tax. A new tax proposal concentrating on high-end second homes in New York City is drawing renewed consideration to the rising monetary pressures dealing with the state as leaders search for new income streams to…
Republicans attempt to speak up refunds on Tax Day however impression is seems lower than hoped for Hello and welcome to the US politics live weblog. It is Tax Day and Republicans are ramping up their efforts to highlight final 12 months’s sweeping tax cuts and switch them into political capital. Party leaders had anticipated…