The Budget 2020 – Are There Any Big Changes?

The Budget 2020 – Are There Any Big Changes?

Yet Another Chancellor – Big Changes In The Budget? It will be nearly 18 months since the last Budget and, in the meantime, we will have had three different chancellors, following the unexpected resignation of Sajid Javid. The early years of a new Parliament are...
Property Taxation 2017-2020: This Is What You Need To Know

Property Taxation 2017-2020: This Is What You Need To Know

2017  Income Tax – Restriction of finance costs for individual property landlords Did you know that in his 2015 post-election summer Budget, George Osborne informed residential landlords that from April 2017 their ability to claim higher rate tax relief for...
Landlords: This Is What You Should Know

Landlords: This Is What You Should Know

“Rent A Room” Relief To Continue For Air BnB Landlords If you are a landlord renting out part of your property, you will know that you need to pay taxes on any revenue coming from property income, but that there are also tax relief measures you can take advantage of....
Termination Payments, tax advantages and tax allowances

Termination Payments, tax advantages and tax allowances

Changes To Termination Payments Your care is always required when any employees are made redundant or payments are made on their termination of employment. When looking at termination payments, not only do you have to consider employment law, but you also have to...
Your Furnished Holiday Letting Business and IHT Relief

Your Furnished Holiday Letting Business and IHT Relief

Furnished Holiday Business & Inheritance Tax (IHT) Your furnished holiday letting business is not a business for IHT relief. If you own a furnished holiday letting business, this will be treated as a trade for most tax purposes. For example, capital allowances are...