Can you afford to sell an investment property?
Property is generally a good investment, and where an investment property or second home has been held for many years, it may be worth considerably
Property is generally a good investment, and where an investment property or second home has been held for many years, it may be worth considerably
Furnished holiday lettings have tax benefits that are not available to landlords of residential lets. However, to qualify as a holiday let, certain conditions must
Under the original plans, landlords with rental income (or combined rental and business income) of more than £10,000 would have needed to comply with Making
Companies and self-employed businesses with a turnover exceeding £150,000 a year are obliged to prepare their accounts using the ‘accrual’ basis of calculating profits i.e.
Most directors know that as of 1 April 2023, companies with taxable profits in excess of £250,000 will pay corporation tax at the main rate
With different rates and limits of National Insurance contributions (NIC) for the 2022/23 year, anyone who has more than one paid job or who is
Many landlords purchase their investment properties with the aid of a mortgage. In the current climate of rising interest rates, landlords may be wondering whether
In the ill-fated mini Budget, the then Chancellor increased the residential stamp duty land tax threshold from £125,000 to £250,000 with effect from 23 September
Limited liability partnerships (LLPs) are a relatively new type of business structure that came into being following the financial crisis of the late 1980s, and
If used correctly, dividend waivers can be an effective planning tool, particularly where one shareholder is a higher-rate or additional rate taxpayer and others are
Business property relief (BPR) is one of the more valuable tax reliefs available to business owners because it reduces the value of an estate for
As well as a mechanism for collecting revenue, the tax system is also used to encourage certain behaviours and discourage others. Once example where this
Entitlement to the state pension and certain contributory benefits depends on an individual having paid, or been credited with, sufficient National Insurance contributions. To qualify
The trading allowance enables an individual to earn up to £1,000 from self-employment, the provision of casual services (such as gardening or babysitting) or from
The VAT default surcharge is being replaced with a new VAT penalty and interest regime. The new rules apply to VAT accounting periods beginning on
The dividend allowance is available in addition to the personal allowance. It allows all taxpayers regardless of the rate at which they pay tax to
It can be a risky business being a director of a UK company these days. It is a common myth that the limited liability status
If economic advisers are to be believed then we are heading into a recession lasting at least a year and every recession brings with it
When a loan is taken out with a bank the repayment terms are usually confirmed in a formal loan arrangement. However, if you are a
In a climate of rising interest rates and rising inflation, every penny is likely to count. For working parents, help with their childcare costs is
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