Residential investment properties – time to consider incorporation?

For residential property landlords subject to higher rate tax, the tax return signed and submitted before the 31 January next year will signify the end of full mortgage interest relief secured on these properties. For those waiting for the outcome of the court case brought by ‘Axe the Tenant Tax’ group or simply for the government […]

Calculating rental profits…simple?

The Spring Budget saw confirmation that the Finance Bill 2017 would include legislation to offer some unincorporated property businesses the option to calculate their rental profits using a simplified cash basis of accounting, rather than the Generally Accepted Accounting Principles (GAAP) currently demanded. The announcement was originally part of HMRC’s Making Tax Digital (MTD) initiative […]

The Queen’s Speech and proposed legislation

The Queen delivered the 2017 Queen’s Speech on 21 June which set out the government’s agenda for the coming parliamentary session. The speech outlined the government’s proposed policies and legislation. This Queen’s speech announced that the government will focus on: delivering a Brexit deal that works for all parts of the United Kingdom and building […]

Maximising Tax Free Income

Getting the best tax rate for you   Maximising tax free income is always a good thing.  The introduction of the dividend and savings allowance has created some greater tax planning opportunities for remuneration planning for small owner managed businesses.  With the announcement in the last Budget that the dividend allowance may reduce from 6 […]

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