SDLT on dilapidated properties
The rate of SDLT payable on the purchase of a property depends on whether it is a residential property or not, and if so, whether …
Securing tax relief for the costs of evicting tenants
Having tenants who refuse to leave despite being given a valid Section 21 or Section 8 notice is a nightmare for a landlord and places …
Tax treatment of rental deposits
When renting out a property, it is usual to take a deposit from the tenant to cover the cost of any damage to the property …
Lending from one company to another – Can interest be charged?
With relatively low interest rates on cash deposits, some companies are looking to invest their spare cash elsewhere, especially if investing in the company’s own …
Company paying for fuel – A useful benefit?
Having the company pay for all your fuel might seem like a major perk. However, whether it is truly a valuable benefit depends on a …
Would growth shares benefit your company?
Today’s business world is increasingly competitive. In order to survive and grow, a business needs to retain talented personnel. While benefits such as medical insurance …
Registering for Self Assessment
If you are new to Self Assessment and need to submit a tax return for 2024/25, you will need to register for Self Assessment. This …
Spotting signs of umbrella company fraud
An umbrella company is a business that may be used by a recruitment agency to pay temporary workers. However, many umbrella companies are not tax …
Time to Pay for Simple Assessment
A Simple Assessment is used for taxpayers with very straightforward tax affairs. A taxpayer may receive a Simple Assessment letter from HMRC if they owe …
Effective date of VAT registration
Businesses must register for VAT when their turnover exceeds the registration threshold (currently £90,000). This must be done if, at the end of any month, …
New evidence requirements for personal pension relief
Individuals who claim higher or additional rate relief for personal pension contributions through their tax code may now need to provide evidence in support of …
Major repairs to a let property – What is deductible?
The nature of buildings is such that it may be necessary to undertake significant repairs, such as the replacement of the roof, or even underpinning …
