Pension Freedoms Hidden Traps

Pension Freedoms Hidden Traps

In April 2015 pension freedoms represented a major shift in how you can access your pensions. It means if you are aged 55 and over, you can take the whole amount as a lump sum and pay no tax on the first 25%. The rest is taxed as if it were a salary at their income...
IHT Business Property Relief | How To Secure It

IHT Business Property Relief | How To Secure It

How can you secure IHT business property relief? Any ownership of a business, or share of a business, is included in the estate for Inheritance Tax (IHT) purposes. However, a business can qualify for relief from inheritance tax. Business Relief reduces the value of a...
Is business credit card interest tax deductible?

Is business credit card interest tax deductible?

It’s human nature to want to save money whenever realistically possible, and paying less in taxes is one way to achieve that. Figuring out what expenses are tax deductible, and the complexities of the tax system, can be a frustrating process. So, is business...
Furnished Holiday Lettings Tax Guidance

Furnished Holiday Lettings Tax Guidance

What is a Furnished Holiday Let? A Furnished Holiday Let is also known as an FHL. It 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...