Here, we offer a profit taking strategy to enable you to withdraw accumulated capital from your company, tax efficiently. Corporate Capital Repayment If you’re an unincorporated business such as a sole trader or partnership you are able to withdraw equity very...
Since the introduction of the Structures and Buildings Allowances (SBA), on 29 October 2018, taxpayers and advisers have been waiting for clearer guidance from HMRC to better understand how to claim capital allowances on buildings. Certain aspects of the rule were...
Company car tax rules are changing in 2020, so what do you need to know? Company cars remain a popular employee benefit. Both employers and employees need to consider the tax implications of company cars before making decisions. If you use a company car for private...
Capital gains tax deferral allows a UK resident investor to defer capital gains tax (CGT) on a chargeable gain from the sale of any asset, or a gain previously deferred, by investing in new shares of a qualifying unquoted trading company. However, recent changes to...
What is a Furnished Holiday Let? A Furnished Holiday Let, also known as a FHL, is a certain type of rental property classification in the UK and Ireland (and some European countries). As a holiday let owner under this classification you are entitled to certain...
The deadline for submitting a self-assessment paper tax return has been and gone for another year. The annual deadline for submitting your online self assessment tax return and paying any tax owed is midnight on 31st January. Do I need to fill in an online self...
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