Category: Tax
Oct 20, 2021 | Tax
Owing Tax To HMRC? Tax Collection Is Back
Summary. If you’re thinking, “I owe tax to HMRC,” following the pandemic’s financial reliefs, it’s time to address it. As HMRC resumes debt collection, they’ll communicate through various means, prioritising genuine interactions over scams. If contacted, consider repayment or negotiate a tailored payment plan to avoid high interest and penalties. Seek professional tax support if […]
Jun 20, 2021 | Business Advice, Tax
Is Buying A Holiday Home A Good Investment?
Summary. Due to unpredictable travel restrictions, UK staycations are on the rise, making buying a holiday home an enticing investment. Investors must consider tax regulations, claimable expenses, and furnishing choices. Holiday lets can yield high returns, especially in prime locations, but come with specific mortgage and tax considerations. Seek expert advice before investing. With […]
Apr 05, 2021 | Tax
Pension Freedoms Hidden Traps
Thomas Nock Martin can help you understand pension freedoms so you get the most out of your money.
Jan 04, 2021 | Tax
IHT Business Property Relief | How To Secure It
Business Relief reduces the value of a business, or its assets, when working out how much inheritance tax has to be paid. But, what many people don’t know, is that if you’ve borrowed money to support the business, relief may not be available. Find out how you can secure IHT business property relief.
Nov 28, 2020 | Tax
Is Business Credit Card Interest Tax Deductible?
As there is no clear guidance from HMRC regarding reimbursement for personal credit card charges, the general rule must apply. Thomas Nock Martin specialises in small business tax so get in touch to see how we can help you.
Jul 12, 2020 | Tax
Furnished Holiday Lettings Tax Guidance
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). For more information on furnished holiday lettings tax, contact Thomas Nock Martin today.
