Blog
The Construction Industry Scheme and property investment companies
In this article you can find out when the CIS might apply to a property investment company. #CIS #deemedcontractor #mainstreamcontractor
Holiday lettings – beware of longer lets
Read this article to find out whether longer lets may jeopardise the favourable tax rules for furnished holiday lets, and why they need not #fhl
Take advantage of the rent-a-room scheme
Read this article to discover how you can earn tax-free rental income under the rent-a-room scheme #rentaroom
Cycle to work tax-free
Read this article to find out how to make use of the tax exemption for employer-provided cycles to enjoy a tax-free commute #cycletowork
Five ways to save inheritance tax
Read this article to discover five ways to reduce the inheritance tax payable by your estate #iht #exemptions #pets #annualexemption
Tax-free health benefits
Read this article to find out which health-related benefits can be made available to employees tax-free #medicalbenefits #eyetests #checkups
Are you able to claim small business rate relief for your furnished holiday let?
Read this article to see whether you are eligible for small business rate relief on your furnished holiday let #smallbusinessraterelief
Can you benefit from rent-a-room?
You can potentially earn rental income tax-free if you let out a furnished room in your own home. Learn more about the rent a room scheme in this article. #propertytax #rentaroom
Relief for pre-trading expenses
If your company incurs costs before it starts trading, you can claim tax relief for these costs. In this article, you can learn which pre-trading costs are covered and how to claim the relief. #taxtips #businessexpenses
Making use of the property income allowance
You can earn a small amount of income from your properties tax-free. Make sure you’re benefiting from the property income allowance by reading this article. #propertytax #landlords
Companies – claim extended loss relief online
Because of the pandemic, the carry-back window for loss relief was extended. Where companies want to claim under the extended rules, it can be done online ahead of the tax return filing date. Learn more in this article. #companytax #taxadvice
How to claim tax relief for employment expenses
Employees that incur expenses to carry out their jobs are able to claim tax relief subject to certain conditions. In this article, you can learn what reliefs are available to employees and how to claim for them.
Using your annual exempt amount for 2021/22
All individuals are entitled to an annual exempt amount for capital gains tax purposes. Net gains (chargeable gains less allowable losses) for the tax year are free of capital gain tax to the extent that they are covered by the annual exempt amount. For 2021/22, the annual exempt amount is set at £12,300.
Tax relief for pre-trading expenses
Did you know that you can claim tax relief for revenue and capital expenses that were incurred in setting your business up? In this article you can learn more about pre-trading expenses. #businesstax #tadadvice
Electric company cars – are they still tax-efficient?
Where an employee has a company car that is available for his or her private use, they are taxed on the benefit that this provide. The taxable amount is a percentage – the appropriate percentage – of the list price of the car and optional accessories.
Using company vans for tax-free home to work travel
As a general rule, travel between home and work is regarded as private travel and if the employer meets the cost of that travel, a benefit-in-kind tax charge will be triggered.
Incidental overnight expenses
A tax exemption enables an employer to meet small personal expenses when an employee stays away from home for work, without the employee suffering a tax charge and without any need to report the expenses to HMRC.
Make use of the capital gains tax inter-spouse exemption
There are a number of tax concessions available to married couples and civil partners which recognise that their financial affairs may be interlinked. One of these concessions relates the transfer of assets between spouse and civil partner for capital gains tax purposes.