Blogs
Deferring Capital Gains Tax on A Business Asset
The potential to be charged capital gains tax (CGT) arises with the sale or gift
Enjoy £7,500 of Tax-Free Income Under the Rent-A-Room Scheme
If you have a spare room in your home, you may consider letting it out
Business Use of Home – Beware the Lower CGT Annual Exempt Amount
The main residence exemption applies for capital gains tax purposes to the extent that a
Tax Relief for Unpaid Rent
As the cost-of-living crisis bites, landlords may find that tenants struggle to pay their rent.
Preserving the Personal Allowance
The personal allowance is set at £12,570 for 2023/24. However, not everyone is able to
Giving Away Money Free of IHT
Most people do not want to give money to the taxman when they die. However,
Beware the New VAT Late Submission Penalties
A new penalty regime was introduced for VAT from 1 January 2023. The new regime
Have You Declared Your Dividends Correctly?
Dividends are a popular and tax-efficient way to extract profits from a personal or family
Utilise The Deduction For Paid and Reimbursed Expenses
Employees often need to incur expenses when undertaking their jobs. The nature of the expense
What are the Most Tax-Efficient Investments in the UK?
It is imperative to know what are the tax-efficient options to make the most from
Tax Consequences of Dissolving a Partnership
The difficulty in dealing with partnership taxation is that there are no separate rules and
The Taxation of Cryptocurrency
Cryptocurrency is a complicated concept and the following text gives HMRC’s view on the basic
Enquiry or Discovery – What is the Difference?
Most taxpayers know that they must adhere to a rigid timetable for the submission of
Rebuild Your Pension Pot with Rental Income
A self-invested personal pension (SIPP) can be an attractive option for saving for retirement and
Make Use of Simplified Expenses
If you run your property business from home, you may wish to use simplified expenses