Relief for post-cessation expenses
The end of a business will not necessarily mean that no further expenses are incurred. Where expenses are incurred after the business has ceased, tax …
Telling HMRC that you have no corporation tax to pay
If you have a company that is dormant and you have filed your company tax return showing that no tax is due, you may think …
Key person insurance – When can you claim a deduction?
Premiums paid for key person insurance may be deductible in computing taxable profits. Read this article to find out what conditions must be met for a deduction to be forthcoming.
Mixed-use properties and SDLT
For stamp duty land tax (SDLT) purposes, a property may be a residential property, a non-residential property or a mixed-use property. The classification is important …
Selling the garden for development
If you own a large plot of land that you no longer require but you don’t want to move home, you may consider selling some …
Tax implications of termination payments
The number of businesses closing down is steadily increasing. Many of those businesses will have staff, therefore the legal and tax position of any termination …
CGT advantages of furnished holiday lettings
Furnished holiday lettings (FHLs) have a number of tax advantages over residential lets. These advantages include the opportunity to benefit from a number of capital gains tax reliefs.
