16/05/2016, by Tax Insider, Tax Tips - Property Tax
The ‘Pre-Owned Assets Tax’ (POAT) is an income tax charge levied on the ‘benefit’ earned on any property that has been given away (or sold ... Continue Reading
13/05/2016, by Tax Insider, Tax Tips - Business Tax
Losses made in the opening years of a business can be carried back against the total income of the preceding three tax years.However, this is not the only option ... Continue Reading
11/05/2016, by Tax Insider, Tax Tips - General Tax
If you do not fill in a Tax Return you need to claim relief for expenses incurred in relation to your employment on form P87. If you do not claim the relief, you ... Continue Reading
09/05/2016, by Tax Insider, Tax Tips - Property Tax
The ‘Non-Resident Landlord Scheme’ (NRLS) is a scheme for taxing the UK rental income of non-resident landlords. Usually basic rate tax is deducted from ... Continue Reading
04/05/2016, by Tax Insider, Tax Tips - General Tax
Under the Approved Mileage Allowance Payments (AMAP) Scheme employers can pay employees tax-free mileage rates when they use their own car for business. Provided ... Continue Reading
29/04/2016, by Tax Insider, Tax Tips - Business Tax
You can tailor your capital allowances claim to suit your circumstances. It is not a case of claiming either the AIA or WDA, nor is it necessary to use up any remaining ... Continue Reading
27/04/2016, by Tax Insider, Tax Tips - General Tax
It is always worth bearing in mind that when you sell certain types of business asset, it is possible to postpone the gain by reinvesting in a qualifying asset for ... Continue Reading
25/04/2016, by Tax Insider, Tax Tips - Property Tax
‘Hold-over’ relief is a way of deferring payment of capital gains tax (CGT) on certain assets, including land and buildings used in a business, until ... Continue Reading
22/04/2016, by Tax Insider, Tax Tips - Business Tax
If relief for a trading loss is claimed against other income for the current or previous tax year, the claim can be extended by election to capital gains tax if ... Continue Reading
18/04/2016, by Tax Insider, Tax Tips - Property Tax
Business Property Relief (BPR) provides full relief from inheritance tax (IHT) and is available for the transfer of certain types of business and business assets ... Continue Reading