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UK Landlord pays 40% less tax by doing this one thing, so why aren’t you?
- November 17, 2023
- Posted by: admin
- Category: Property, Tax
No CommentsAbsolutely right. We recently assisted one of our clients and many others in maximizing tax savings on rental properties. It’s not just about doing one thing; it’s about executing several strategies simultaneously, or at least the ones that are relevant to your situation. As a property owner in the UK, you’re likely seeking ways to
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The ‘Mini’ Budget Summary
- September 23, 2022
- Posted by: admin
- Category: Uncategorized
The Chancellor today announced sweeping tax cuts in the new governments first mini budget. Setting out his aims for economic growth, Kwarteng said he wants the economy to increase by 2.5% annually in the medium-term, through a mix of tax incentives and reforms. Below is a recap of some of the tax cuts: Income tax
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Do I pay tax on Bitcoin gains?
- May 13, 2021
- Posted by: admin
- Category: Business Growth, Contractors, Expenses, Investment, Tax
In short, the answer is yes. In December 2019 HM Revenue and Customs published their guidance document on cryptoassets for individuals, covering ‘exchange tokens’ (exchange tokens are intended to be used as a method of payment and encompasses cryptoassets like Bitcoin) and HMRC make it very clear that profits from buying and selling Bitcoin and
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Business rates holiday and discounts for tax year 2021-22
- April 29, 2021
- Posted by: admin
- Category: Contractors, Expenses, Tax, Uncategorized
The government cancelled business rates for all retail, leisure and hospitality businesses, in response to the Covid-19 outbreak. This business rates holiday applied in England for the full tax year 2020-21, and has now been extended until June 2021 for: shops restaurants, cafés, bars, pubs cinemas, live music venues assembly or leisure properties, like sports
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