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Cash basis or accruals basis?
There are two different ways in which accounts can be prepared – the cash basis and the accruals basis. The cash basis…
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10 deductible expenses
If you let out a property, you can deduct the business expenses that you incur when working out your taxable rental profit….
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Swapping your main residence for capital gains tax purposes
Private residence relief means that you do not have to pay capital gains tax on any gain that you make when your…
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