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CIS and property investment companies (Agent update June 2022)
The Construction Industry Scheme and property investment companies The Construction Industry Scheme (CIS) is a tax deduction scheme under which tax is…
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Managed lets – is VAT due on recharged expenses?
Managed lets – is VAT due on recharged expenses If you use an agent to manage a let property, they may incur…
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Use the property allowance to make tax-free income from renting your drive
Use the property allowance to make tax-free income from renting your drive The summer is a popular time for events and event…
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Common deductible business expenses – don’t overlook claims
Common deductible business expenses No-one wants to pay more tax than they need to. Consequently, it is important to keep good records…
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Tax relief for bad debts
Tax relief for bad debts Bad debts are a fact of business life and most businesses will suffer a bad debt from…
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Capital allowances for cars
Capital allowances for cars Capital allowances are a mechanism for providing tax relief for capital expenditure. Relief is generally given in the…
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Involuntary strike-off: what can you do?
Involuntary strike-off: what can you do? The registrar of companies has the power to strike a company off a register if the…
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How to claim the IHT transferable nil rate band
How to claim the IHT transferable nil rate band For inheritance tax (IHT), there are potentially two nil rate bands available. The…
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Personal Bills Paid For By The Company – What’s The Tax And NIC Position?
Personal Bills Paid For By The Company – What’s The Tax And NIC Position? HMRC’s basic premise is that where a company…
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Business Property Relief — ensuring that your company and its assets are 100% inheritance tax free
Business Property Relief — ensuring that your company and its assets are 100% inheritance tax free. Business Property Relief (BPR) is an…
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