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Letting through a company
The interest restriction for landlords letting residential property on long lets, the proposed abolition of the favourable furnished holiday letting rules and…
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‘Brightline’ test for FHLs ruled out
Landlords with furnished holiday lettings (FHLs) face an uncertain future. At the time of the Spring 2024 Budget, it was announced that…
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Tax relief on charitable donations
If you make donations to charity, you can benefit from tax relief on those donations. This can be achieved in various ways….
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Setting up as a sole trader
The way in which you operate your business determines the taxes that you pay and also your reporting obligations. If you work…
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Will paying voluntary NICs boost your pension?
To qualify for a full state pension, you need 35 qualifying years. You can earn these through paying National Insurance contributions or…
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Investing the proceeds from the sale of the family home and the IHT gifts from income exemption
Investing the proceeds from the sale of the family home and the IHT gifts from income exemption For many people, there will…
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Tax implications of letting out your drive
If you have room on your drive, you may be able to earn additional income by letting out one or more parking…
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Do you now need to pay tax on your dividend income?
The fall in the dividend allowance in recent years may mean that you now need to pay tax on your dividend income…
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Encouraging Private investment for SME – government-endorsed tax incentives
Private investment for SME – government-endorsed tax incentives For small companies, obtaining tax-efficient funding involves leveraging various schemes and incentives that minimise…
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VAT – payback and clawback rules – what happens if there is a change of plan?
VAT applies to taxable supplies made by a VAT-registered person whether an individual or a company. VAT-exempt supplies in the UK are…
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