Using your annual exempt amount for 2021/22
All individuals are entitled to an annual exempt amount for capital gains tax purposes. Net gains (chargeable gains less allowable…
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.
All individuals are entitled to an annual exempt amount for capital gains tax purposes. Net gains (chargeable gains less allowable…
There is a lot of preparation involved in setting up a business, and costs will be incurred, which may be…
If your company is no longer trading and does not have any other income, you can tell HMRC that it…
The VAT is a simplified scheme that can save work. Instead of working out the VAT that you need to…
Tax policy is used to influence behaviour as well as to collect revenue. One example where this is the case…
While the intention is to make a profit from letting out a property, this is not a given, and a…
When it comes to let properties, furnished holiday lettings (FHL) are a special case and benefit from a number of…
Where a chargeable gain arises in respect of a UK residential property, since April 2020, the gain must be reported…
A full single tier state pension is payable to people who have 35 qualifying years. Individuals who have less than…
Under the current rules for determining which profits of an unincorporated business are taxed in a particular tax year, some…
Not all types of income are equal from a tax perspective, and savings income enjoys dedicated allowances, tax rates and…
The January self-assessment payment deadline is not well timed, falling as it does in a month when people may be…
Book a free initial consultation with Makesworth’s chartered accountants.
Book a consultation 020 7993 8850