Colin Barratt

Colin Barratt is tax partner at Wheawill and Sudworth chartered accountants, Huddersfield. He writes a weekly look at tax matters.

Wheawill and Sudworth's Colin Barratt on inheritance tax changes

Wheawill and Sudworth

Thr “main residence” nil rate band will initially be £100,000 in 2017/18 rising incrementally until it reaches £175,000 in 2020/21

It pays to check what tax relief is available when investing in plant and machinery, says Colin Barratt, of Wheawill & Sudworth

Wheawill and Sudworth

The amount of tax relief it will receive is a key consideration for a business

Chancellor George Osborne has introduced a range of tax changes in his budget, says Colin Barratt, of Wheawill & Sudworth

Wheawill and Sudworth

In his first budget since the general election, the chancellor announced a myriad of changes to the tax system

Changes to the way ISAs operate will be of interest to people seeking a decent return on their investments, says Colin Barratt of Wheawill & Sudworth

Although Individual Savings Accounts (ISAs) have been around for some time to provide tax-free income and growth while within this investment, over the last 12 months they have enjoyed a boon which will be of interest to those struggling to get a decent return on their investments

Colin Barratt, of Wheawill & Sudworth, turns the spotlight onto personal allowances

Wheawill and Sudworth

A major policy of the Coalition Government was to “increase the Personal Allowance for income tax to help lower and middle income earners”.

Colin Barratt, of Wheawill & Sudworth, examines the tax rules relating to Gift Aid

Under the Gift Aid scheme, donations to charity are deemed to have had basic rate tax relief deducted by the donor

Colin Barratt, of Wheawill & Sudworth on making the most of important tax thresholds

Wheawill and Sudworth

There are a number of important tax thresholds where rates jump or reliefs are available and which with a little careful planning can be mitigated or enjoyed

Colin Barratt, of Wheawill & Sudworth, spotlights the personal tax matters covered in the Chancellor's Autumn Statement

Wheawill and Sudworth

The Chancellor’s Autumn Statement was delivered with one eye on next May’s General Election – although any prospect of surprise give-aways was tempered by continuing uncertainty of the strength of the economy

Wheawill and Sudworth's Colin Barratt on taxing times at Christmas

Wheawill and Sudworth

Popular ways of rewarding employees at this time of year are through the payment of cash bonuses, gift vouchers or food hampers but all are chargeable to income tax

Colin Barratt, of Wheawill & Sudworth: Inheritance tax is a growing concern

Wheawill and Sudworth

Colin Barratt explains inheritance tax rules as rising property prices bring more people into the tax threshold

Colin Barratt, of Wheawill & Sudworth, looks at the tax issues in selling a business

Wheawill and Sudworth

One of the main concerns surrounding the sale of a business is the amount of Capital Gains Tax payable , says Colin Barratt

Wheawill and Sudworth's Colin Barratt with some capital advice for homeowners

Wheawill and Sudworth

Latest from Wheawill and Sudworth's Colin Barratt

Colin Barratt of Wheawill and Sudworth explores capital gains tax issues for property owners

It is taken for granted that any gain on the sale of your home is exempt from Capital Gains Tax (CGT).

Colin Barratt, of Wheawill & Sudworth, says it's time to take to our bicycles

Wheawill and Sudworth

As the Tour de France gives a boost to cycling, Colin Barratt looks at tax incentives to encourage cycling to work

Colin Barratt, of Wheawill & Sudworth, explores tax rules around charitable giving

Wheawill and Sudworth

Companies making donations to charitable causes can reduce their tax bill at the same time

Colin Barratt of Wheawill and Sudworth, looks at the tax implications of work-related travel

Wheawill and Sudworth

When do travel expenses qualify for tax relief? Colin Barratt, of Wheawill & Sudworth, examines the rules and regulations

Colin Barratt, of Wheawill & Sudworth, considers options for savers

Wheawill and Sudworth

ISAs may offer a good tax-efficient source of savings, says Colin Barratt

Colin Barratt, of Wheawill & Sudworth, looks at tax planning

Wheawill and Sudworth

With one’s tax return now safely submitted to HM Revenue & Customs, the next tax challenge is to review one’s affairs to ensure that the maximum benefits are obtained of available allowances and reliefs prior to the end of the tax year on April 5

Colin Barratt, of Wheawill & Sudworth, looks at property tax matters

When an individual buys a property to let, the issue of tax on rental income and which expenses can be legitimately claimed to reduce their tax bill will arise

Wheawill and Sudworth's Colin Barratt: don’t neglect to do the filing

Wheawill and Sudworth

The penalty for submitting a late return is £100, regardless of whether or not tax remains outstanding and also applies even if you are due a repayment!

Wheawill and Sudworth's Colin Barratt on reckoning up for retirement income

An individual’s estate is normally comprised of assets such as the value of their home, savings and investments assets like quoted shares as well as personal possession such as jewellery

Wheawill and Sudworth's Colin Barratt on why now is the time to review your finances

Wheawill and Sudworth

Changes to Child Benefit taxation should be aware of what they need to do

Colin Barratt, of Wheawhill & Sudworth looks at tax relief

One of the factors a business looks at in deciding whether to incur significant expenditure on plant and machinery is the amount of tax relief available to it

Colin Barratt: Employee Ownership Day gives us cause to celebrate

Tax Talk looks at how giving employees shares is both good for tax reasons and helps boost morale