You may not have heard of ATED, this is an annual charge introduced by HMRC in April 2013. It is levied on those who hold high value residential property in a limited company for personal use more »
Did you know that with effect from 6 April 2016 the higher and basic rates of capital gains tax will be reduced? The higher rate of capital gains tax will be reduced from 28% to more »
Landlords of furnished residential properties have for many years been able to claim a ‘wear and tear’ allowance, intended to cover the cost of replacing furniture & furnishings over time.
From April 2016 the rules are changing, more »
Amidst lots of statistics…more than in previous years it seemed, there were a number of tax changes for owner managed business. There was no one theme just a jumble of different items and as always some of the headline changes were not quite what they appeared to be!
These are the key points that we noted: more »
As reported in the news over the weekend the Chancellor appears to have dropped plans to end or alter tax relief on pension contributions.
In our previous posts we highlighted the need to review the timing of your pension contributions more »
The People’s Pension have today issued a press release announcing setup fees for using their auto enrolment offering. The fees will start to apply later this month. more »
Most of us know that we don’t have to pay capital gains tax if we make a profit on the sale of our home.
But the relief is not always as straight forward as it seems. more »