Reporting residential property gains
Owners of investment properties and second homes may decide to sell up for a variety of reasons. They may wish to take advantage of a …
Beat the SDLT deadline
There is a stamp duty land tax (SDLT) deadline on the horizon – from 1 April 2025, there are changes to both the residential SDLT …
FHL – finance and investment cost relief from April 2025
Landlords letting furnished holiday accommodation have hitherto enjoyed a range of tax benefits, including the ability to deduct interest and finance costs in full when …
Can one company lend to another-Tax implications
Although the economy is said to be stagnating with little growth on the horizon, many smaller companies are doing well and have healthy bank balances. …
Tax implications of exceeding approved mileage payments
Employees often use their own cars for business journeys and receive a mileage allowance from their employer to cover fuel and associated costs, such as …
VAT flat rate scheme – is it worth it?
The VAT flat rate scheme is a simplified scheme for smaller VAT-registered businesses. While using the scheme will save work, this may come at a …
Is it worth paying voluntary Class 3 NICs?
The payment of National Insurance Contributions (NICs) is linked to entitlement to the state pension. If sufficient National Insurance Contributions of the right type are …
Using the VAT flat rate scheme
The VAT flat rate scheme is a simplified flat rate scheme which can be used by smaller businesses to save work. Under the scheme, businesses …
What to do if you cannot pay your tax bill
As the cost of living crisis continues to bite, you may find that come 31 January 2025 you are struggling to pay your Self Assessment …
Using ISAs to benefit from tax-free savings income
A combination of higher interest rates and stealth taxation may mean that you are now paying tax on savings income for the first time. If …
Self-Employed Expenses: What Can You Deduct?
If you are self-employed, you will pay tax on your taxable profit. In working out your taxable profit, you can deduct self-employed expenses that you …
VAT implications of buying commercial property at auction
VAT implications of purchasing a commercial property at auction are a common occurrence. Although usually the sale or lease of a commercial property is exempt …
