Spring Statement 2022
A summary of the Spring Statement 2022 is now available – click here We have produced this newsletter to cover the main issues that are most likely to be of interest to you. You will also find useful...
View ArticleHow do you create a Group using Share Exchange/Swap? Why is it done?
Share for Share exchange is often used when you are re-organising or creating a group and benefits from tax relief. Basically if you don’t do a share exchange you would need to sell the shares at...
View ArticleCan you get the company to buy your solar panels?
At the moment the UK like other countries is in the depth of an energy crisis, mainly caused by the price of gas and lack of gas supplies. Energy prices are higher than they have ever been, even with...
View ArticleResidential Property Capital Gains Overpayment Madness
By now I am sure you are familiar with the rules From 27 October 2021, you must report and pay within 60 days of completion of conveyance. For example, if you complete the disposal on 1 November you...
View ArticleWhat are the occupancy conditions for holiday lets?
If you own a furnished holiday let in the UK, it’s important to understand the occupancy rules set out in the HM Revenue & Customs (HMRC) HS253 guidelines. Meeting these conditions can make your...
View ArticleMaximizing Principle Private Residence Relief: Understanding Deemed...
Introduction As a UK accountant, it’s crucial to guide clients on the various tax planning opportunities available. One such opportunity is Principle Private Residence (PPR) Relief, which provides tax...
View ArticleFactors to Consider When Determining Your Main Residence in the UK
When you own more than one home, deciding which one will be your main residence can have significant tax implications. In the UK, HM Revenue and Customs (HMRC) provides guidelines on how to determine...
View ArticleThe top tax-effective benefits for directors and employees
Offering benefits-in-kind to your staff is a great way to make your business an attractive place to work. And these benefits add even more value if they’re also either tax-effective or tax-free. You...
View ArticleUnderstanding the Tax Consequences of s455 Directors Loan: A Guide for UK...
If you’re a director or shareholder of a UK company, it’s important to understand the tax consequences of s455 Directors Loan. Failure to comply with HMRC regulations can lead to penalties and...
View ArticleCharging interest on a Directors’ Loan Account
When you’re the director of a business, it’s likely that there will be occasions where you borrow money directly from your company, or inject your own capital into the business. A Directors’ Loan...
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