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A nerve-wracking time for landlords

A nerve-wracking time for landlords

The government seem to have timed their playground antics to coincide with the horrors of Halloween, adding to the economic woes of British landlords and tenants. Here we outline some interesting points for your consideration: Mortgage interest associated with...

Cost of Living Crisis

Cost of Living Crisis

It's a continuing balancing act for employer's trying to help their employee base with the current economic storm, whilst safeguarding the future of their business. A tax-efficient remuneration package may include: Salary sacrifice arrangements for pensions and the...

EIS: Is the clock still ticking on this multi-faceted tax relief?

EIS: Is the clock still ticking on this multi-faceted tax relief?

Tucked away in the now infamous “mini-budget” of 23 September 2023, the government outlined their intention to extend the 2025 sunset clause for the Enterprise Investment Scheme (EIS). With Conservative Party infighting and potentially a change of government before...

Divorce Duties

Divorce Duties

The Ministry of Justice published statistics showing that there were 33,234 divorce applications in England and Wales under the new legislation, which came into effect from 6 April 2022. Whilst the Finance Bill 2022-23 tracks through Parliament detailing the April...

Mini-Budget: Major Blow

Mini-Budget: Major Blow

In all my years as a tax adviser, I have never witnessed significant tax changes announced in such an informal manner. The market's reaction and subsequent reversal of a minor element of the "mini-budget" was inevitable. Once the OBR forecast is published and autumn...

Giving during your lifetime

Giving during your lifetime

If you are looking to support family members during the cost of living crisis, here is a reminder of the types of gifts you can make without Inheritance Tax concerns: Spousal transfers (this is restricted if your spouse is non-UK domiciled) The annual exemption of...

The new tax reporting regime for landlords

The new tax reporting regime for landlords

This year saw the last phase of VAT registered businesses sign up to HMRC’s Making Tax Digital (MTD) regime. From April 2024, under MTD for Income Tax Self Assessment (ITSA), landlords and the non-VAT registered self-employed will also need to retain digital records...