Should a property letting business be run by one or more individuals who wish to transfer the property into a limited company then there will be a capital gains ... Continue Reading
There are various ways in which businesses can be structured, and it is important that the structure that is chosen is the right one for the business. There are ... Continue Reading
If your self-employment comes to an end, either naturally or through the decision to incorporate, it pays to be careful as to the date on which you choose to cease ... Continue Reading
The ‘Non-Resident Landlords Scheme’ (NRLS) requires that where there is no UK-based representative/agent, the rent being paid directly to a landlord ... Continue Reading
Tax relief is available for interest on loans where the money borrowed is used for certain qualifying purposes. Buying shares or lending money to a close company ... Continue Reading
If you bought an asset and sold it at a loss then it is possible that you made a capital loss (e.g. if you invested in a start-up that failed or bought an investment ... Continue Reading
The ‘Non-Resident Landlord Scheme’ (NRLS) requires persons who act as ‘representatives’ (agents) for the landlord to deduct basic rate tax ... Continue Reading
Where a person’s earnings fall between the lower earnings limit for Class 1 National Insurance purposes (£112 per week for 2015/16) and the primary earnings ... Continue Reading
The fuel benefit charge is very expensive and it may be the case that you can pay more tax on the fuel than on the company car. This will be the case where the list ... Continue Reading
Relief is available on borrowings to fund a loan to a close company. However, relief is denied if the funds are returned to the borrower.Example:Christopher is a ... Continue Reading
