Interpretation of the IHT can sometimes become confusing with atypical situations. It is important to note that such situations or circumstances have a probability of occurring. The law of… Read More
Dividends are a great option to pay yourself a portion of the prophets without attracting tax exposure. However, contractors in limited companies who wish to release dividends themselves ne… Read More
Landlords of unincorporated properties can make use of the simplified accounting process to calculate taxable profits. This will not only take the tax returns process into the digital age… Read More
Most contractors who receive correspondence from the HMRC, are unaware of the chain of events that are likely to follow and are ill prepared to tackle the issues. This can lead to a situati… Read More
September 30 2018 will not be just another day for taxpayers with undeclared offshore tax liabilities. Regardless of residential status, all UK resident, non-UK resident trustees or non-res… Read More
Couples, civil partners and co-habitees jointly owning properties that are given out on rent can save considerably when it comes to the tax component. This can be achieved legally as permit… Read More
As the government brings in changes on the rental property business landscape, landlords will now have to fork out more in terms of tax. Interest on borrowings will henceforth be relieved a… Read More
As the countdown of UK’s exit from the EU moves into the final stages, businesses need to be fully prepared for a transition. The scope of the UK’s disengagement are similar, al… Read More
Earning income from, and the near-certain appreciation of property investments are two benefits that make being a BTL landlord an attractive proposition. But there are risks with owning inv… Read More
There’s a difference between liquidation and insolvency. In the UK both denote formal procedures for businesses when they experience financial issues. Liquidation means to shut down t… Read More
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