Property tax exemptions and reliefs
Property tax exemptions and reliefs are a relatively straightforward topic on the surface, but they often have many moving parts.
Your main residence, marriage, CGT and legislative confusion
Under normal circumstances, individuals do not pay capital gains tax on the sale of their main residence. However, those in a partnership or marriage would normally have only one main residence between them.
What is an accountant?
Many people see accountants in a similar light to solicitors and other legal representatives, but they are very different.
March 2024 Budget: Property tax changes
In this article we have attempted to collate and review historic, current, and future changes to taxation that will impact property investors.
How to complain to HMRC
A record number of people are now obliged to submit self-assessment tax returns, which will likely prompt a greater number of complaints.
The Malaise at HMRC
It is safe to say that HMRC has gambled on "Making Tax Digital" (MTD) a success, removing undue stress from HMRC customer services and creating a more efficient tax office.
2024 Spring Budget Update
Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’.
Directors Loans
Before the introduction of the Corporation Tax Act 2010 Section 455 it was possible to take out an indefinite loan from your company and avoid income tax.
Changes in research and development tax relief
In recent months, the UK government has focused on enhancing research and development (R&D) spending, primarily by adjusting the tax system.
Associated companies and corporation tax
As if the increase in the primary corporation tax rate, from 19% to 25%, wasn't enough, on 1 April 2023, HMRC changed the associated company status rules.