
If a property was at some point your PPR then the last 18 months are exempt from tax. Where the disposal took place prior to 6 April 2014, the last 36 months of ... Continue Reading
If a property was at some point your PPR then the last 18 months are exempt from tax. Where the disposal took place prior to 6 April 2014, the last 36 months of ... Continue Reading
To save some of the work incurred in keeping details of expenses, individuals carrying on a trade as a self-employed sole trader or in partnership with other individuals ... Continue Reading
Children’s Bonds are a tax-free investment issued by NS&I. Children’s Bonds allow investments to be made in the child’s own name and there ... Continue Reading
The ‘Annual Tax on Enveloped Dwellings’ (ATED) was introduced in 2013 to tackle the avoidance of stamp duty land tax. The charge relates to residential ... Continue Reading
Many small businesses are run from home and a proportion of the costs associated with running and maintaining a home can be deducted in computing the profits of ... Continue Reading
Entitlement to the state pension and contributory benefits is contingent on having paid sufficient National Insurance contributions. Fortunately it is possible to ... Continue Reading
DifferenceAnyone buying property to let out on a long-term basis will most likely be deemed an investor, whereas someone buying to refurbish then sell, whether resulting ... Continue Reading
Most businesses incur travel expenses and these can be significant. It is therefore important that you deduct allowable travel expenses when computing your profits.The ... Continue Reading
Your tax code determines how much tax is deducted under PAYE. You should always check that your tax code is correct as errors may result in too much or too little ... Continue Reading
Under the ‘Non-Resident Landlord Scheme’ (NRLS) where the deductible expenses exceed rental income for any quarter the excess expenses are:carried back ... Continue Reading