Impact of increase in SDLT supplement
Despite the shortage in rental accommodation, investment in residential property is out of favour. In her Autumn Budget, the Chancellor increased the cost of buying …
Time to sell the investment property?
One of the few pleasant surprises in the Autumn 2024 Budget was that the Chancellor did not increase the rate of capital gains tax on …
Pre-trading loan trap – sole trader v company tax reliefÂ
Many start-up businesses take out loans to get going, e.g. to purchase stock needed to sell, or to make the first rent payment or rent …
Maximise BADR on sale of the FHL
The favourable tax rules that apply to furnished holiday lettings (FHL) come to an end on 5 April 2025. For many landlords, this may be …
Impact of remote work on travel claimsÂ
Post-pandemic, remote work and homeworking have become the norm, especially with the increase in ‘hybrid’ working, i.e., spending part of the week at home and …
ADR – is it worth using? Â
HMRC’s Alternative Dispute Resolution (ADR) process was introduced over a decade ago, the intention being to provide an ‘alternative’ cost-effective method for dealing with disputes …
NIC for employers to rise
One of the key announcements in the Autumn 2024 Budget was the rise in employer’s National Insurance Contributions(NICs) from 6 April 2025. From that date, …
Extension of MTD (MTD for ITSA)
Under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA), sole traders and unincorporated landlords within its scope will be required to keep …
What will mandatory payrolling look like?
Under mandatory payrolling, employers deal with taxable benefits provided to employees through the payroll, treating the taxable amount of the benefit like additional salary and …
Dispose of your business early to benefit from BADR rates
Business Asset Disposal Relief (BADR) is a valuable relief that reduces the rate of capital gains tax payable on gains made at the disposal of …
Tax-efficient Christmas parties and gifts
Employers looking to spread some seasonal cheer can do so in a tax-efficient manner by taking advantage of the exemptions for annual parties and functions …
Move back into a former home prior to sale to maximise PRR
Where a property has at some point been used as a main residence, certain periods of absence are, in some cases, treated as periods of …
