What qualifies for private residence relief?
Private residence relief is a well-known relief but one which is often misunderstood. It applies to remove the liability to…
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.
Private residence relief is a well-known relief but one which is often misunderstood. It applies to remove the liability to…
The flat rate scheme offers VAT registered traders who meet the eligibility conditions a simpler way to work out the…
There are various ways to enjoy savings income tax-free. However, not all routes are open to all taxpayers – the…
If their profits are high enough, the self-employed pay two classes of National Insurance contribution – Class 2 and Class…
Directors and shareholders in close companies are often able to influence the payments that are made to them. Broadly, a…
In common with other types of business, expenses are unavoidable when running a property business. However, subject to certain conditions,…
Investors who are not connected with the company may claim income tax relief of 30% of the amount that they…
HMRC have recently updated their guidance for companies looking to attract investors to buy shares in their company. If structured…
The corporation tax rules are changing from 1 April 2023, and the amount that a company will pay will depend…
The High Income Child Benefit Charge (HICBC) is a tax charge that claws back payments of child benefit where the…
When it comes to tax relief for expenditure, not all expenditure is equal. The relief, if any, that is available,…
Property that is jointly-owned may be let out. As people are taxed individually, the income must be allocated in order…
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