Tax Articles
Tax Articles for Business Tax, Property Tax & General Tax Planning
This guide explains how capital gains tax is calculated and introduces you to CGT planning.
This article discusses why salaries are now more tax efficient than dividends in many cases.
Hidden in the October 2024 Budget smallprint was a major change to the tax treament of double cabs.
Our summary of all the tax changes from Rachel Reeves' Autumn Budget.
The new Government is likely to increase the IHT tax take, but how?
Labour will break its manifesto pledge if employer's national insurance is raised in the Budget.
Rumours are circulating that Rachel Reeves will increase CGT rates in her maiden Budget on October 30th 2024.
Rachel Reeves could clamp down on pensions in some way in the October 30th Budget.
Maximising your tax deductions is an important factor in reducing your tax bill. Find out how self employed business owners can pay less tax.
Working from home means you can claim part of your household costs for tax purposes as a home office tax deduction.
Find out how to increase your mortgage interest tax deduction using these little known secrets.
It's the biggest change to capital gains tax in a decade. Find out how entrepreneurs relief affects you and how to maximize it.
Non-resident and offshore tax planning can be complicated but our expert author explains it all in plain English.
If you own overseas property this article tells you all the tax dos and don'ts!
Essential reading for all business owners who want to maximise profits and reduce taxes.
This article shows you how to avoid capital gains tax after you have left the UK.
Companies are excellent tax shelter. Find out when they are NOT a good idea.
The capital gains tax system was fundamentally changed in 2007. Find out how the new capital gains tax rules will affect you.
This is one of the most powerful tax planning strategies, if you can get it right! Find out how to become a tax exile.
Working abroad is exciting for most individuals. However, there are important tax implications you must be aware of.
Make the most of your rental losses with this informative mini guide.
Business property relief is an extremely important IHT relief. Our guide How to Avoid Inheritance Tax explains all the rules.
This article explains the tax differences between commercial and residential property investments.
This article explains the tax traps to watch out for when you invest overseas.
Trust are extremely useful inheritance tax shelters. Our guide How to Avoid Inheritance Tax explains exactly how they work and how you can use them to save thousands in inheritance tax.
Property investors should claim every income tax deduction they can. Our guide How to Save Property Tax will help you slash your tax by thousands every year.
Many business owners don't know how many tax deductions they can claim - this article lists some of the best but little known deductions.
Owning property jointly has enormous income tax and capital gains tax benefits.
By getting your employer to contribute directly to your pension fund you could save a mountain of national insurance.
Stamp duty planning techniques explained.
Small company owners need to know how to structure their pay in the most tax efficient way possible.
More tax benefits of commercial property investing.
Re-mortgaging property has some very important tax implications... ignore them at your peril.
Tax credits are not just for poor families. Many business owners can also benefit from tax credits - IF they make a claim.
Paying salaries to your children is a good way to reduce your taxable profits but which children can you legally employ?
If you cannot afford to give your employees a pay rise, one solution is to give them a variety of tax efficient benefits in kind.
It comes as a surprise to many people that staff entertaining is an allowable business expense.
Learn from Carl Bayley how to reduce your tax bill by thousands.
Find a little help breaking into, or advancing in the "Buy to Let" market.
Information on exciting new investment opportunities.
Interesting resources on this desirable topic for property investors.
Get the best mix of salary, bonus and dividend to minimise payable tax.
Get your inheritance tax affairs in order with invaluable guide.
Definitive tax books, written by top experts to help you pay less tax.
Essential reading for anyone considering investing in property.
A guide to tax efficient profit extraction from your limited company.
Find out how to pay less stamp duty in the United Kingdom.
Find out how to legally minimise any tax bill, for almost all taxation areas.
Great information about paying less tax on your second home.
Investing using a property investment company could save you a fortune in tax.
Useful information about paying the least amount of tax possible on your 'buy-to-let' property investments.
Get the latest valuable advice for your dividend calculations.
Use Taxcafe's excellent tax guides to help you minimising tax in all areas of your life.
Locate and make use of stamp duty exempt areas with Taxcafe's guide.
Learn how to use taper relief to pay less CGT on your investment profits.
With a little help from Taxcafe you could save thousands by learning to reduce tax.
Know your capital gains tax allowances, and how best to use them.
Pay less IHT with Taxcafe guide and protect your family assets from the taxman.
An excellent guide to filling out your self assessment tax returns form.
Learn more about the proposed SIPP changes in 2008.
Get up to speed with the most exciting form of property investment in years.
Find out how you could save thousands in property rental income tax.
Filling out your UK personal tax returns made easy with Taxcafe's guide.
Comprehensive advice on paying less capital gains tax on shares and stocks.
Learn to tax efficiently extract funds from a company with dividends tax.
Use little known strategies to pay less stamp duty land tax.
Learn how to significantly reduce your shares CGT liability.
Make the most of taper relief to reduce CGT on property and shares.
Find out how to take advantage of the huge tax benefits enjoyed by Jersey residents.
All the information you will need on the tax system in Isle of Man.
A great guide to dealing with commercial property tax.
Find comprehensive information on business tax planning.
How sole trader businesses could save a fortune in tax by using a company.
Excellent tax information for buy to let property investors.
Excellent tax books from Taxcafe written by experienced tax writers.
CASE STUDY: Before considering how to reduce your capital gains tax bill, it’s important to understand exactly how the tax is calculated.
A significant yet often overlooked cost of business is paying Employer's National Insurance Contributions.
When you sell your home the profit is tax free – PPR exemption can also be used by property investors, not just homeowners.
Excellent ways to reduce your outgoings on many forms of tax.
All businesses, no matter how small, will eventually have to start making pension contributions for their employees.
Manage your trust taxation with this fantastic jargon free plain-English guide.
Find out how the new statutory residence test will affect your tax planning.
Find out how to shelter your family and their inheritance from the taxman.
Timing your expenditure carefully during and after your transitional accounting period could lead to considerable tax savings.
The Seed Enterprise Investment Scheme (SEIS) may be the best thing since sliced bread for some investors.
Many of the tax planning opportunities available to other company owners may not apply to personal service companies.
Many sole traders and business partners have a special tax relief they can use when the moment is right. It’s called ‘overlap relief’.
Employers are soon to be required to pay a minimum percentage (eventually increasing to 3%) into their employees’ pension pots.
After protecting your business and family from Income Tax, Capital Gains Tax and VAT, there is one final hurdle: Inheritance Tax.
It may be possible to save income tax by gifting shares in your company to a spouse or partner.
The Government is proposing to introduce a new simplified voluntary cash accounting method for small businesses.
Many company owners own their business premises personally and the company pays them rent - often more tax efficient than salary.
Being a company owner has several tax advantages over being a sole trader or partnership.
Child benefit is extremely valuable - avoid having yours withdrawn completely once your income exceeds the threshold.
The main rate of corporation tax is to be reduced by 1% per year until April 2014, down to just 24%. Owners of smaller companies will
Company directors are subject to extra conditions when considering which tax deductible expenses they can claim.
Here we will cover an interesting property capital gains tax scenario that covers lots of important tax planning issues for CGT.
Lease or buy? An important choice when acquiring new equipment for your business. Here's how you can maximise your tax relief.
Many business owners choose to buy business premises personally rather than have their company buy the property. Why?
Reduced capital gains have plagued property investors in recent years. Here are some effective year-end property tax planning tips.
When assets pass to another person on death, they may or may not be subject to Inheritance Tax but are generally exempt from CGT.
HMRC make a lot of noise about the UK ‘tax gap’ – all underpaid taxes they claim amount to £35 billion a year. I take issue with this
For many years furnished holiday lettings have enjoyed the best of all worlds, but now it is more difficult for properties to qualify.
What makes VCTs attractive is the double tax relief: when you put your money in AND when you take it out.
With interest rates so low, most property investors are now making rental profits. Will you be sheltered from tax this year?
This article explains how businesses can make substantial tax savings by making capital contributions towards company cars.
Here we take a close look at the deed of variation. Though a valuable tool, it does have a number of drawbacks to consider.
Some investments are more tax efficient than others. In this article, we will look at ways to shelter such investments from the taxman.
Higher-rate tax relief on pension contributions will not be withdrawn and those who earn over £150k will have full tax relief restored.
Where do you stand when it comes to paying UK tax? We take a look at how the new Statutory Residence Test works in practise.
Most businesses are entitled to 100% tax relief for qualifying capital expenditure of up to £50,000 per year.
In this article Nick Braun, author of 'Pension Magic' explains why you may benefit from delaying your pension contributions.
If your company is producing healthy profits, you may want to increase the amount of income you take as dividends.
Company directors, even those with very high incomes, can end up paying just 10% tax on interest income. Here we show you how.
Married couples often transfer properties and other assets to each other to save tax, but make sure you are aware of the traps.
Increase your tax-free profits by developing your greatest tax-free asset - your home.
Complusory pension contributions will mean that employers must set up pension arrangements for all employees and make contributions of at least 3% of pay. Find out what this means for your business.
Pension contribution are a bit like additional tax-free salary, only you can’t get your hands on the money immediately. We take a look at whether you or your company should make the payments.
An important decision for company owners is whether to buy the property personally or through the company. Similar issues also face business partners. Here we look at the tax benefits and drawbacks.
A non-resident may be able to avoid both UK income tax and capital gains tax. Find out what it takes to become a tax exile.
Article: The amount of capital gains tax you pay depends on income earned during the tax year as well as upon the size of the gain itself.
Article: Take money out of the business tax efficiently by borrowing from your company instead of taking regular taxable income.
Article: The Government has just announced new rules that will make pensions even more attractive from the start of the new tax year.
Article: This is one of the most important questions asked by business owners. We take a look at the tax benefits and drawbacks.
Article: The method of reporting PAYE and National Insurance is set to change dramatically for all employers with the new RTI scheme.
Article: Find out the latest position on how to extract profits from your company tax efficiently - salary or dividends?
Article: The biggest expense faced by most property investors is interest. Here we cover how to claim the maximum tax deduction.
Article: Director's expenses generally have to be incurred wholly, exclusively and necessarily for the purposes of the employment.
Article: Many fixtures and fittings qualify for an immediate 100% tax write off under the capital allowances rules.
Article: Non-domiciled individuals enjoy special tax treatment - they don’t have to pay UK tax on their overseas income and capital gains.
In this article, we look at some of the advantages of property investing through a company, as well as pitfalls to watch out for.
Our annual expert analysis of the new and current UK corporation tax rates, and how they will affect your business.
Article: A new averaging relief will soon be available to reduce the amount of Stamp Duty Land Tax on property purchases.
Article: Is it possible to pay less corporation tax by splitting your existing company up in to two separate companies?
Article: How to pay less tax by carefully choosing when to declare new sources of business income.
Article: Our property tax experts take a look at the tax benefits and drawbacks of both renting and buying business property.
Article: Most business owners incur subsistence expenditure, but it can be one of the most difficult areas of tax to deal with.
Article: Loans to company directors do have tax consequences, but it is possible to mitigate the damage if you understand the rules.
Article: Christmas is coming, the goose is getting fat; now’s the time to plan a company party, and maybe even save a little tax.
Article: Furnished holiday lets enjoy a beneficial tax regime with many advantages - but big change is on the horizon.
Article: Stamp Duty Land Tax holiday is coming to an end, and urgent action is required to minimise SDLT.
Article: Many company owners are able to make huge tax savings by passing part of their business to their spouse or partner.
Article: Find out how the proposed drastic reduction to capital allowances will affect your business.
Article: Despite recent government changes, it is still possible to convert heavily taxed income into leniently taxed capital gains.
Article: Higher-rate tax relief on pension contributions are here to stay, and likely to be extended to more people.
Article: Both pensions and ISAs allow your money to grow tax-free within the fund, but which is better?
Article: Under a temporary facility, businesses may carry back trading losses over a three year period rather than the usual twelve months.
Article: With CGT at such a low rate and likely set to rise, make the most of it while you can before the increase.
Article: Rental losses are carried forwarded until you start making profits.
There is, however, an important exception to this rule
Article: Most business owners have some scope to effectively transfer part of their own income to their spouse or partner to save tax.
Article: The Isle of Man is a tax haven situated just 40 miles from the British mainland, and it welcomes entrepreneurs with open arms.
Article: Repairs expenditure is generally eligible for full tax relief. New purchases, however, attract tax relief at a variety of different rates.
Article: Most parents know what a strain children put on your finances, but they can also generate substancial tax savings for you.
Article: There are a number of things that business owners can cheer about on the tax front from this year's Autumn Statement.
Article: Small business owners may be surprised to learn that they can claim fitness & sporting activities for employees against tax.
Article: The new capital allowances regime for cars and other vehicles used in business could alter your tax bill by thousands of pounds.
Article: Small business owners often borrow money personally and loan it to their business - claim tax relief on the interest.
Article: Dont miss out on claiming all your tax deductions. Our top ten most missed deductions could save you thousands.
Many company directors pay themselves a small tax-free salary and take the rest of their income as dividends.
Limited Liability Partnerships provide some very good tax planning opportunities for those whose business is classed as a ‘profession’.
“Should I use a property company?” Answering this question is far from simple as it involves many factors, not all of which relate to tax.
Article: You can claim an extra tax deduction for any costs incurred by your business for R&D - as long as you fit the qualifying conditions.
Article: Part-time and full-time businesses are taxed in much the same way, but there are a few important differences to be aware of.
Article: How to get your company car tax planning right and enjoy thousands of pounds of additional tax relief every year.
Article: Most businesses can change their accounting date every six years - find out how this can save you thousands in tax.
Article: Unmarried couples and civil partners can also pay less capital gains tax by transferring property to a partner.
Article: Landlords can save thousands in income tax and capital gains tax with judicious tax planning.
Taxcafe publishes several highly respected tax guides for landlords and buy to let investors.
Landlords can claim a huge number of deductions and allowances to reduce their income tax bills.
Article: Tax savings are possible when parents buy property for their minor children, though it can get complicated.
Article: Many parents prefer to keep any capital growth in their child’s student home, or at least defer the day that the child gains control.
Article: Many company owners are able to make huge tax savings by passing part of their business to their spouse or partner.
Article: Make sure you don’t make one of the common errors that could lead to the loss of your business property relief (BPR).
Article: Property investors can convert heavily taxed rental income into lightly taxed capital gains by borrowing for further investment.
Article: Using a company could save you thousands of pounds in tax every year, especially if you are reinvesting your profits.
Article: The recent Budget brought some good news for furnished holiday lets with improved capital allowances and tax relief.
Article: The Government's car scrappage scheme - is it of any real value to businesses and what are the tax consequences?
Article: We take a detailed look at a variety of year-end tax planning strategies, like accelerating expenses & deferring income.
Article: If a benefit-in-kind can provide an overall tax saving then both the employee and the employer may benefit.
Article: Landlords owning HMOs (house in multiple occupancy) may be due a large refund from HMRC for capital allowances.
Article: Read How to Save Property Tax if you're a buy to let investor and want to pay less tax on your buy to let income and capital gains.
Article: Despite the Government’s clampdown on contributions made by high earners, pensions are still great tax shelters.
Article: Business tax rates on commercial property are higher than council tax would be for an identical property - what can be done?
Article: We look at the New Disclosure Opportunity (NDO) for those with undeclared income or gains from overseas sources.
Article: When your children reach 18, they're each entitled to their own principal private residence for Capital Gains Tax purposes.
Article: Don't let the new Companies House filing deadlines and increased penalties catch you out.
Article: There are many ways to pick up below market value (bmv) properties, including property auctions and even estate agents.
Article: Property owners may be considering selling off properties or transferring them to family members, trusts or companies.
