Posts Tagged: Benefits

HMRC is collecting more data from you and sending out nudge letters: find out what they are and what you can do on today’s tax tip. (3-minute read) We will cover: Information that can be accessed by HMRC Precautionary steps to avoid tax errors What kind of information does HMRC have access to? The UK’s… Read more »

Our article outlines a way of claiming back stamp duty on a second home or buy-to-let. (3-minute read) We will cover: How stamp duty is calculated Reclaiming SDLT if you’ve bought a second home or buy-to-let How stamp duty is calculated Stamp duty, also known as SDLT (Stamp Duty Land Tax) is a tax paid… Read more »

You want to make sure you know how to reduce your VAT bill accurately, and you are not paying more than you have to. Here are 8 effective ways to reduce your VAT bill. (4-minute read) We will cover: The role of business expenses in minimising VAT Different VAT reliefs you might not know about… Read more »

Looking for a way to motivate employees? Have a look through these tax-free benefits you can offer your staff as a way of rewarding them for their hard work. (2-minute read) We will cover: Tax free ways to reward employees Tax free benefits for employees There are a number of tax exempt rewards or ‘perks’… Read more »

Worried about paying too much inheritance tax? We can help – read today’s tax tip to find out how to minimise your inheritance tax bill. (4-minute read) We will cover: A few ways to lower inheritance tax Why you should seek expert advice An unwelcome tax Inheritance Tax (IHT) is still as unpopular as ever…. Read more »

What’s the definition of ‘plant and machinery’? Find out on today’s tax tip. (3-minute read) We will cover: Some examples of plant and machinery items How they relate to claiming business expenses Plant and machinery definition Plant and machinery is a broad term that refers to the items you can claim using capital allowances. They’re… Read more »

If you own a Furnished Holiday Let (FHL), you’ll be able to highly benefit from claiming capital allowances. (4-minute read) We will cover: The tax benefits of claiming capital allowances for FHL owners The rules surrounding capital allowance claims Furnished Holiday Let Rules But what qualifies as an FHL? To start with, it’s seen as… Read more »

If you own commercial property or even a Furnish Holiday Let (FHL), you can benefit from capital allowances. Find out more and start saving on tax! (5-minute read) We will cover: The legislation surrounding capital allowances Why so many commercial property owners fail to claim Definition Capital allowances are a type of tax relief that… Read more »

Commercial property owners can still benefit from the capital allowances super deduction at 130%. Learn more on today’s article. (3-minute read) We will cover: The allowances available for commercial property owners The types of assets eligible for tax reclaims Super deduction legislation The super deduction is a tax incentive which began as a response to… Read more »

As a business owner, you might have considered gifting shares to your family members. But what are the tax implications of gifting shares to family in the UK? (3-minute read) We will cover: The main benefits of gifting shares to your family The tax differences between transferring shares to your spouse or to your children… Read more »