Making Tax Digital Delayed
The Government have just announced a change to the Finance Bill which is good news for all businesses. The announcement is that Making Tax Digital will be delayed until at least 2020. However moving to digital records is only delayed and not abandoned. This is...
Commercial Loans do not Get Round Section 24 BTL Tax changes
We have been reading recently that there are a lot of Buy To Let landlords who are moving from a standard Buy To Let Mortgage into Commercial Mortgages. They are doing this in the mistaken belief that this will allow them to continue to deduct the mortgage interest...
Lasting Power of Attorney – Very Important and Often Overlooked
You may have a Will, if not then you really need to get one put in place. If you do have one when was the last time you reviewed it, it is also important to review it on a regular basis to make sure it still achieves what you want to achieve. Whilst the above...
BREXIT – How will this affect business taxation
Over the last few months we have all been deluged with scaremongering from both the IN and OUT campaigns. Well now we know the result so what are the changes likely to be. Until Article 50 is enacted we are still subject to EU Law and Regulation so on that front...
DEEDS OF TRUST – Are they the answer to Property Tax Issues
I have been asked by several people over the last few months whether a Deed of Trust could be used to move the ownership of a property into a limited company and whether this would be beneficial. The purpose of these notes is not intended to put people off doing this...
Energy Efficient Homes Regulations – The Tax Implications
The Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 come into effect on 1 April 2016. At that time a tenant can ask for permission to make improvements to the energy efficiency of the house they rent. From 1 April 2018 however a...
Annual Return – To Be Replaced
The Annual Return will be replaced at the end of June 2016 or probably more correctly renamed as the Confirmation Statement. The Confirmation Statement will contain the same information currently provided in the Annual Return together with details of the Person with...
Property Investment – Is a Limited Company the Right Answer?
You are a property investor and you ask the question "should I be a limited company?". You look in the press and the answer is a clear Yes, you ask most professional advisers and they also say yes. Your next question should be Why? But most people don't ask that...
New Help to Buy ISA to be Launched by the Government
On Tuesday 8 December 2015 the Government will launch a new initiative to help first time buyers get onto the property market. This will allow first time buyers to build up a deposit in a Help to Buy ISA. The initial deposit can be up to £1,200 and this can be...
Having a Will is Becoming Vital
For the family of people who either haven't put a Will in place or who haven't looked at their Will recently there has always been the Deed of Family Arrangement. This facility has allowed family's to rearrange the deceased's estate so as to make bequests in the way...