Budget changes to main residence relief
In his Budget on 29 October 2018, the Chancellor outlined a number of changes to main residence relief. The changes…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
In his Budget on 29 October 2018, the Chancellor outlined a number of changes to main residence relief. The changes…
From 6 April 2020 new rules apply to residential property gains liable to capital gains tax and from that date,…
The following case study explores some mistakes that landlords may make when working out their tax liability. Harry and Sally…
Topic:- The CGT annual exemption – use it or lose it! Capital gains tax (CGT) is normally paid when an…
The employment allowance (EA) was introduced from April 2014, potentially cutting every employer’s NIC payments by allowing businesses and charities…
The new trading tax allowance for individuals of £1,000 was introduced from 6 April 2017 and applies for the 2017/18…
The recent, and temporary, increase in the AIA to £1m from 1 January 2019 creates computational issues if a trader's…
According to HMRC, individuals pay Scottish Income Tax if they live in Scotland. Care should be taken when considering the…
Charities pay VAT on all standard-rated goods and services they buy from VAT-registered businesses. They pay VAT at a reduced…
The Brexit uncertainties continue. To help businesses consider their options HMRC has published more information for UK businesses that buy…
Last week we passed the filing deadline (31 January 2019) for the 2017-18 self assessment tax returns. A surprising number…
When you purchase a van or other equipment that qualifies for tax relief, the cost of the asset is reduced…
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