Cars do not qualify for the annual investment allowance. However, it is possible to obtain full relief for expenditure on a car in the year of purchase if you buy ... Continue Reading
Many people subscribe for shares in unlisted companies. These can include companies that your friends own. A number of these companies will fail and therefore the ... Continue Reading
There may be times when the owner is prevented from living in his or her main residence for reasons that are not the owner’s by choice. It would be unfair ... Continue Reading
The Seed Enterprise Investment Scheme (SEIS) is designed to help small, early-stage companies to raise equity finance by offering tax reliefs to investors who purchase ... Continue Reading
If a supply is not zero-rated or exempt then by default it will be a standard rate (20%) supply. The main difference between zero-rated and exempt supplies is that ... Continue Reading
If you are a sole trader or in partnership and you use a car, motor cycle or goods vehicle for the purposes of your trade, you can claim a deduction for the costs ... Continue Reading
Surprisingly, many people still die intestate (i.e. without a will).With the ease that wills can now be drafted and the low cost of such services, it makes good ... Continue Reading
Employers are able to claim an employment allowance which reduces the amount of secondary employer’s NIC that they pay. For 2015/16 the allowance is set at ... Continue Reading
The capital gains tax rules on gifts between spouses as being at ‘no gain/no loss’ apply until the end of the tax year of separation. Ideally therefore, ... Continue Reading
The success of the business may rest on one individual and insurance (key man insurance) may be taken out to protect against loss of profits resulting from the death, ... Continue Reading
