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Extracting profits from a property company
Recent tax changes, in particular the interest restriction for unincorporated property businesses with residential lets, have resulted in more landlords operating via…
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Check your business rates are not too high
Business rates, rather than council tax, are charged on most non-domestic properties, such as shops, offices, warehouses, pubs, factories, guest houses, and…
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Paper version of capital gains tax on UK property return
Where an individual realises a chargeable gain on the disposal of a UK residential property, they must report the gain to HMRC…
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HMRC’s complaints process
Many taxpayers taxed under self assessment may not be aware that HMRC self assessment phone service was closed for three months, opening…
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Alphabet shares
Despite dividend tax rates being charged at 33.75% (higher rate taxpayers) or 39.35% (additional rate taxpayers), generally dividends remain the most tax-efficient…
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The implications of late VAT registration
VAT registration is compulsory for any UK established persons who are in business and make or intend to make taxable supplies should…
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Reporting residential property gains
If you make a chargeable gain on the sale of a UK residential property, you will need to report the gain to…
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Make the most of the property allowance
The property allowance is a useful allowance that allows you to earn property income of up to £1,000 tax-free each tax year….
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Take advantage of permitted absences for main residence relief
Main residence relief is a valuable relief that prevents a tax charge arising where a gain is realised on the disposal of…
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Take advantage of the tax exemption for mobile phones
The tax legislation contains a number of exemptions which allow benefits in kind to be provided to employees without a tax charge…
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