What is Self-Employed Teacher Tax?
When it comes to the cases in which an individual is an employed teacher and working with an organisation, this is a regular business that
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Furnished Holiday Lettings and Business Rates
Furnished holiday lettings are generally liable to business rates rather than council tax. This can be very beneficial, particularly where the landlord only has one
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Jointly-Owned Property – Joint Tenants Vs Tenants in Common
Under English law, there are two ways in which property can be owned jointly – as joint tenants or as tenants in common. The way
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Hybrid Workers and Relief for Travel Expenses
The pandemic changed the way in which many people worked, forcing them to work from home if they could. Post-pandemic, many employees have continued to
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Claiming Relief for Employment Expenses
If you incur expenses in doing your job, you may be able to claim tax relief. While the rules governing the availability of relief are
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Trivial Benefits – Make Use of the Exemption
Trivial benefits have their own tax exemption, which if used wisely can be used to treat employees. The exemption can also be used by personal
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Family and Personal Companies – Optimal Salary for 2023/24
A popular profit extraction strategy is to pay a small salary and to extract further profits as dividends. Why Pay a Salary? There are
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Taxation of Dividends in 2023/24
If you have a personal or family company, taking dividends is a popular and tax-efficient way to extract profits. However, while they remain tax efficient,
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Doing Up a Property – Are you Trading?
Taking on a renovation project can be hugely appealing, particularly if the property is subsequently sold at a profit. However, from a tax perspective, it
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Do you Need to Pay the Annual Tax on Enveloped Dwellings By 30 April 2023?
The Annual Tax on Enveloped Dwellings (ATED) is an annual tax payable on residential property valued at more than £500,000 which is held by a
Do you Need to Pay the Annual Tax on Enveloped Dwellings By 30 April 2023? Read More »