Tax relief for costs of updating a property prior to letting
When a landlord buys a new property to let out, they may need to undertake some work prior to the first let, particularly if the …
Can you claim tax relief for costs incurred while the buy-to-let is on the market?
In light of the erosion of landlords’ rights in the Renters’ Rights Bill, together with a raft of adverse tax changes in recent years, many …
CIS deductions – Applying the correct percentage
The Construction Industry Scheme (CIS) is a tax deduction scheme requiring contractors to deduct tax from payments made to subcontractors working in the construction industry. …
VAT registration waiver Â
HMRC requires businesses to register for VAT if their taxable turnover exceeds £90,000 in the last 12 months or is expected to exceed this threshold …
What is e-invoicing?
The 2025 Budget on 26 November 2025 is expected to be crucial for the long-term implications for the UK economy – announcements of tax increases …
Calculating corporation tax marginal relief
The rate at which a company pays corporation tax depends on the level of its taxable profits. Where a company’s profits are below the lower …
File tax return by 30 December to pay your tax bill through your tax code
The normal filing deadline for the 2024/25 Self Assessment tax return is 31 January 2026. However, if you have some tax to pay under Self-Assessment …
Do you have an unclaimed Child Trust Fund?
A press release recently published by HMRC revealed that 758,000 young people between the ages of 18 and 23 have a Child Trust Fund, which …
What counts as a ‘reasonable excuse’?
A taxpayer may have grounds for appealing a penalty if they have a reasonable excuse for missing a filing or payment deadline. However, it is …
Should you withdraw your pension to save IHT?
Legislation has been published in draft for inclusion in the Finance Bill, which will bring unused pension pots within the charge to inheritance tax from …
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 …
