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April key tax dates
Newsletter issue – April 2023 5 – Last opportunity to utilise income tax personal allowances, annual ISA allowances, and exemptions for CGT and IHT for 2022/23…. Read more…
Relief for mortgage interest on let properties
Newsletter issue – March 2023 As an individual landlord you can‘t deduct finance costs, including interest, from your residential property rents for tax purposes. Instead,
HMRC homes in on Airbnb landlords
Newsletter issue – March 2023 Online platforms such as Airbnb are now obliged to provide HMRC with data about the payments it makes to individuals
Planning your profit extraction
Newsletter issue – March 2023 In his Autumn statement in November 2022 Chancellor Hunt announced cuts to the dividend allowance and the additional tax rate
Plugging NIC gaps
Newsletter issue – March 2023 Many people don‘t realise that they have significant gaps in their National Insurance Contribution (NIC) record, and as a result
March Questions and Answers
Newsletter issue – March 2023 Q. My company is buying an electric car for me to use for business and private journeys. In truth there will
March Key tax dates
Newsletter issue – March 2023 2 – Where income tax, CGT, class 2 NIC or class 4 NIC remains unpaid for 2021/22 a 5% penalty is
Spring Budget – 2023
Chancellor Hunt billed his Budget as a Budget for growth with emphasis on fixing problems in the labour market alongside improving business investment and innovation.
HMRC questions claims for Lettings Relief
Newsletter issue – February 2023 If you have claimed lettings relief to reduce the capital gains tax (CGT) payable on the disposal of a let