SDLT Multiple Dwellings Relief
Multiple dwellings relief’ (MDR) allows a rate to be charged at the percentage payable on the ‘average value’ price (referred to as…
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Loans To Participators
Where a close company (or LLP) makes a loan (otherwise than in the ordinary course of a business) to an individual who…
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Unrelieved Interest On Residential Lets
For 2020/21 and later tax years, unincorporated property businesses are only able to obtain relief for interest and finance costs on residential…
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Is Rent-A-Room Relief Always Worthwhile?
Rent-a-room relief aims to encourage those with spare rooms in their homes to let them out to increase the supply of furnished…
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New Lower SDLT Residential Threshold
Back in July 2020, the residential stamp duty land tax threshold in England and Northern Ireland was increased to £500,000 to help…
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Relief For Losses In The Early Years Of A Trade
It is not uncommon to realise a loss in the early years of a trade. However, traders who commenced their self-employment in…
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Tax Relief On Loans To Close Companies
Family and personal companies are often ‘close’ companies. Broadly, this is one that is controlled by five or fewer shareholders or any…
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Termination Payments And Class 1A National Insurance
Our latest article looks at the “Termination Payments And Class 1A National Insurance” and what you need to consider…read on to find…
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Claim Tax Relief For Additional Costs Of Working From Home
During the Covid-19 pandemic, the advice was ‘work from home if you can’. As a result, millions of employees found themselves working…
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Take Dividends While You Can
For personal and family companies, a tax efficient strategy for extracting profits is to take a small salary and to extract any…
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