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Tax relief for expenses of running a property business
Tax relief for the expenses of running a property business In common with other types of business, expenses are unavoidable when running…
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CGT or IHT?
CGT or IHT Sometimes there is a choice of which tax to pay and where a person owns an investment property, they…
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First time buyer relief for SDLT and investment property trap
First-time buyer relief for SDLT and investment property trap First-time buyer relief may reduce the stamp duty land tax (SDLT) that a…
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Should I change my accounting date?
Should I change my accounting date? In preparation of the introduction of MTD for income tax, which comes into effect from 6…
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Plan capital expenditure to benefit from time-limited reliefs
Plan capital expenditure to benefit from time-limited reliefs Unincorporated businesses and companies planning capital expenditure projects need to be aware of some…
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Corporation tax – are you ‘associated’?
Corporation tax – are you ‘associated’? The corporation tax rules are changing from 1 April 2023, and the amount that a company…
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HICBC – not just for higher rate taxpayers
High Income Child Benefit Charge – not just for higher rate taxpayers The High Income Child Benefit Charge (HICBC) is a tax…
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Relief for homeworking expenses post Covid-19
Relief for homeworking expenses post Covid-19 The Covid-19 pandemic forced large numbers of employees to work from home for the first time….
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Distributions on cessation of a company
Distributions on cessation of a company Companies cease for various reasons, some closing for the personal reasons of their directors or shareholders,…
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‘Pheonix companies’ – distribution treated as income rather than a capital gain in certain conditions
In a private limited company, it is usual for a director to also be a shareholder. Payments made to shareholders are deemed…
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