As more UK citizens relocate overseas, we have experienced a corresponding increase in enquiries concerning the capital gains tax implications of selling UK property. Historically, individuals who sold assets while not resident in the UK were generally not subject to...
Very simply this is the main method your business will obtain tax relief for items in the balance sheet! When your accounts are prepared, you will notice a section in the balance sheet titled fixed assets. There may be a number of categories contained within this...
With local authorities set to inflate council tax for second homes, now may be the time to consider your property’s future. Occupy it! Now may be the right time for you to move in! Remember Private Residence Relief (PRR) applies from the date of occupation unless a...
With the temporary Super-Deduction set to end on 31st March 2023, it is worth making sure your company is entitled to claim it before doing so. Points to note: Only companies can claim the Super-Deduction. Contracts entered into prior to 3rd March 2021 are not...
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...