08/Jan/2020CGT – Gift Hold-Over Relief
Gift Hold-Over Relief is a relief that defers Capital Gains Tax (CGT) when assets are given away (including certain shares) or sold for less than they’re worth to the buyer.
08/Jan/2020Properties not let at a commercial rent
Topic: Properties not let at a commercial rent There may be a number of reasons why a property is occupied rent-free or let out at rent that is less than […]
07/Jan/2020Allowable finance costs
Although the way in which landlords obtain relief for finance costs on residential properties is changing, there is no change to the type of finance costs that are eligible for […]
06/Jan/2020Legal and professional fees – Capital or revenue?
As a property investor and landlord, you will likely incur various legal and professional fees during owning and operating your rental properties. Properly distinguishing between capital and revenue expenses is […]
04/Jan/2020Does the High-Income Child Benefit Charge apply?
The High-Income Child Benefit Charge (HICBC) applies to a claw back child benefit from either the claimant or his or her partner where at least one of them has an […]
03/Jan/2020Using company vans for tax-free home to work travel
As a general rule, travel between home and work is regarded as a private travel and if the employer meets the cost of that travel, a benefit-in-kind tax charge will […]
02/Jan/2020Tax Diary January/February 2020
1 January 2020 – Due date for Corporation Tax due for the year ended 31 March 2019.
19 January 2020 – PAYE and NIC deductions due for month ended 5 January 2020. (If you pay your
02/Jan/2020Annual increases to the National Minimum Wage
The government has accepted the recommendations of the Low Pay Commission in full and has announced that it will increase the National Living Wage (NLW) and National Minimum Wage
02/Jan/2020Utilising the 2019/20 dividend allowance
The dividend allowance is quite unusual in that it is available to everyone and everyone has the same allowance. For 2019/20 the allowance is set at £2,000. In common with […]
20/Dec/2019Penalties for late filing of Self-Assessment tax returns
The 31 January is not just the final date for submission of your Self-Assessment tax return but also an important date for paying tax. It is the final payment deadline for any
20/Dec/2019Take advantage of the Annual Investment Allowance
The Annual Investment Allowance (AIA) allows business owners to claim the total amount of qualifying expenditure on plant and machinery, up to certain limits. This deduction
20/Dec/2019Top up your pension pots
You can claim tax relief for your private pension contributions. The current annual allowance for tax relief on pensions is £40,000. Remember, that there is now just 3 months
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