Financial Planning
Business Tax Update – New Structures and Buildings Allowance Structures and Buildings Allowance Laws Set To Change The government has published draft legislation for the new Structures and Buildings Allowance (SBA), meaning many businesses can now claim tax relief on new buildings, and purchase or refurbishment of old ones. Who can claim Structures and Buildings […]
Have you missed out on tax loss relief on property? Tax loss relief on property can be confusing. This article should help you understand if you have missed out on tax loss relief on property. You have let out a property for several years, but as it was making a loss you didn’t declare it […]
Have you set up a business tax account? Some aspects of Making Tax Digital are on ago slow while others are being ramped up by HMRC. For example, if you don’t have one, you’ll need to set up a digital business tax account (BTA). Why, and how do you do it? It’s easy to check […]
Do you know what it takes to be a VAT efficient start-up? You’ve set up a company to run a business venture. It’s risky and may come to nothing. In the meantime, the company is incurring significant costs. Can you recover the VAT, and if so when? To be a VAT efficient start-up you need […]
This week brings another change to workplace pensions. Pensions auto-enrolment was phased in slowly, but now every employer must join their eligible staff in a workplace pension unless they opt out. But there’s one last important change before the task is complete. What is it? Since early 2018 every employer has had to include eligible […]
You may know the importance of discounted gift schemes. But which discounted gift schemes are right for you? After a long career you’ve sold your business and are sitting on a pile of cash. You’re worried about inheritance tax. What should you do? Having more money than you need is the sort of problem many […]
There are ways you can avoid a child benefit tax trap if you know how. Deciding if the “high income child benefit charge” (HICBC) applies to you can be difficult. Thousands of individuals who were liable to pay the charge without realising it have been hit for penalties. If you or your partner receive child […]
If you haven’t registered for self assessment yet, here’s what you need to do. “I haven’t registered for self assessment” – 2019 update The deadline for filing your Self Assessment tax return is 31 January (in all but a few cases), which means there’s still a few weeks left if you haven’t got yours in […]
When is a dividend taxable? Imagine a scenario. Just before the end of the tax year, you drew some cash from the company’s bank account for personal use. Now we’re in another tax year you intend to treat the payment as a dividend. When is a dividend taxable? There might be trouble if the transaction is […]
Buy To Let Finance Tax relief restriction has affected buy to let landlords of residential properties if they are individuals, partnerships or trusts since April 2017. This also effects UK landlords letting residential property overseas and non-UK resident landlords who let property out in the UK. It doesn’t affect companies, and it doesn’t apply if […]
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