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10 ways to avoid capital gains tax
- October 23, 2018
- Posted by: admin
- Category: Business Growth, Contractors, Expenses, Finance & accounting, Investment, Property, Tax
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dhkac;k;ls 1. Use the annual tax-free allowance Capital Gains Tax (CGT) is charged on the profits made when certain assets are sold, or transferred. You pay CGT on the gains made above your annual tax-free allowance, which this year is £11,700. You should make sure you use your annual exemption as this cannot be carried
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Should you buy a property through your company?
- October 15, 2018
- Posted by: admin
- Category: Business Growth, Business plans, Contractors, Expenses, Investment, Property
We were recently asked whether one should buy their property through their company, and while I agree that one should, it really does depend on ones circumstances. for example I could only recommend it if you plan to buy a few properties. I would also suggest you don’t purchase a property through the company you
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Can you split your income with your partner, even if you are not married?
- October 10, 2018
- Posted by: admin
- Category: Business Growth, Contractors, Expenses, Tax
Splitting income with your spouse If you are married you may want to consider your spouse owning some of the shares in your company so that you can pay them some dividends. They can also potentially be made an officer of your company (director or company secretary) to enable them to be paid a low
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Common self assessment tax return errors to avoid
- September 18, 2018
- Posted by: admin
- Category: Contractors, Expenses, Property, Uncategorized
If you’re a limited company contractor, before 31st January next year you are likely to have to sit down and get to grips with your Self Assessment Tax Return (SATR). Unsurprisingly, this annual task is rarely a popular one, and errors are easy to make if you are unprepared. In this article, we highlight some