Tax Articles (P2)
Tax Articles for Business Tax, Property Tax & General Tax Planning (P2)
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Higher-rate tax relief on pension contributions will not be withdrawn and those who earn over £150k will have full tax relief restored.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: For most property and share investors, capital gains tax is set to become more costly and more complicated.
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.
