An Introduction to Property Tax Tax worries keeping you awake at night? Whether you’re new to property investing or have been in the game a while, there’s no doubt that tax can strike confusion and fear into the heart of even the most experienced landlord. That’s why in this guide, we’ll cover the most important […]
When it comes to buying investment property, should you do it personally or through a limited company? It’s a decision that can have a significant impact on your finances and investment goals. In this article, we’ll help you decide whether a limited company is the right choice for you by looking at the advantages and […]
When you purchase a buy-to-let property, you’ll need to consider Stamp Duty Land Tax (SDLT), which is paid on the purchase price of the property. In this guide, updated for the October 2024 Budget, you’ll learn how much Stamp Duty you’ll pay when investing in property. When purchasing a property, stamp duty, or Stamp Duty […]
If your properties have increased in value, Capital Gains Tax could present the biggest hurdle to incorporating your portfolio. This chapter looks at S162 incorporation relief to mitigate CGT. What is S162 incorporation relief? Incorporation relief delays the payment of Capital Gains Tax until you sell or dispose of the company shares. If the company […]
As part of the package of measures to tackle the Coronavirus outbreak, the government has announced that the basic element Working Tax Credit payments will be increased from an expected £1,995 to £3,040 for the 2020-21 tax year starting on 6 April 2020. This annual increase of £1,045 is equivalent to £86.67 per month for one year from […]
The phone number for the COVID-19 helpline launched earlier this month has been changed to 0800 024 1222. Calls to the previously published number will be redirected. The launch of the new number will help increase capacity. The helpline will field questions and concerns from any business or self-employed individual worried about paying their tax due […]
1 April 2020 – Due date for Corporation Tax due for the year ended 30 June 2019. 19 April 2020 – PAYE and NIC deductions due for month ended 5 April 2020. (If you pay your tax electronically the due date is 22 April 2020). 19 April 2020 – Filing deadline for the CIS300 monthly […]
Directors that have drawn remuneration from their companies as a mix of low salary and higher dividends would seem to be overlooked by the schemes announced in the past two weeks to support the employed and the self-employed. In the first news story published by government announcing the Self-Employed Income Support arrangements (26 March 2020), […]
