the tax legislation seems to want to make it easy for spouses (and civil partners) to transfer assets (including properties) to each other

...if you’re eligible and how you can claim up to £1 million in CGT relief on the sale of qualifying assets (your business)

Property that is let out is often owned jointly. The nature of the relationship between the joint owners will generally depend on how the rental income is taxed.  (1) Joint owners are spouses or civil partners Perhaps the most common situation where a property is owned jointly is where it is owned by spouses or civil partners. If the jointly-owned property is let out, special rules apply to determine how the rental income is allocated between the spouses or civil partners fo

HMRC finally released guidance on the operation of the twin job support schemes that both start on 1 November 2020.

The grants under the scheme will cover landlords of rental properties, to help fund energy-efficiency projects

The relationship between the director and a personal or family company allows for a degree of flexibility that is not possible in a large co

Generally, securing relief for income tax is preferred, as it results in an immediate deduction against in-year profits

The Employment Allowance allows certain businesses in the UK to reduce their annual National Insurance (NI) bill by up to £4,000

Recently, the Government announced that it had a £20m pot of money to fund companies requiring a small business technology grant. Small...

We explain the best way to set up Director’s payroll to be tax efficient in 2020-21.

..there are multiple ways to manage your investments and assets

Every business - no matter how big or small - must have a legal structure

...require virtually all businesses in the UK to do their governemnt taxes digitally

Self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for MTD

careful planning and detailed understanding of set-up requirements are fundamental as you create your new enterprise

Under the plans published in July to roll out Making Tax Digital, self-employed businesses and unincorporated landlords will be required...

Would you be better off on the VAT flat rate scheme?

When you’re completing your Self Assessment tax return, you’ll need to work out your expenses, as you can subtract some of these from...

Understanding the allowable expenses you can claim as a limited company can help you to reduce your Corporation Tax bill. You can...

Data from HM Revenue & Customs (HMRC) analysed by tax reclaim specialists Catax suggests that more than £84 billion of Research and ...