Is Your Company Liable for Tax on an Overdrawn Director’s Loan Account?
In personal and family companies, the lines between the company’s finances and the director’s finances may become blurred. A director…
Clear, practical guidance on UK tax for individuals, landlords and businesses, covering everyday obligations, planning opportunities and important deadlines.
Recent articles from this topic and all its specialist areas.
In personal and family companies, the lines between the company’s finances and the director’s finances may become blurred. A director…
It may be desirable to sell some or all of a garden or the land attached to a residence separately…
A resident and domiciled person in the UK is liable to UK tax on their worldwide income. Consequently, if they…
A sole trader or partnership business may lose money for several reasons—not necessarily because it is not doing well. A…
A property rental business will have a start date, and it is important to know when this is. A landlord…
Following the pandemic, flexible working hours are on the increase. This shift has given employees the legal right to request…
The current tax regime for furnished holiday lettings has several advantages, including the ability to deduct interest and finance costs…
There are various reasons why a person may not have told HMRC about the tax they owe, ranging from a…
Where a landlord makes a loss on their property rental business, the options for using that loss are limited. The…
The answer to this question depends on what type of professional fees have been incurred. Professional fees are income and…
Landlords with furnished holiday lettings (FHLs) currently enjoy favorable tax advantages compared to those letting residential property on longer-term lets.…
As outlined before the election, the new Government is to go ahead with its proposal to impose VAT on school…
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