What is the most tax-efficient way to property buy-to-let ownership? Personally, or via a company? What are the income and Corporation Tax, CGT, IHT, ATED, SDLT or VAT issues? With tips on profit extraction and other planning points, case studies and links to further guidance. (Read Time: Approx. 4 minutes) Topics Discussed: Corporate money box/alternative… Read more »
Posts Tagged: business
Inheritance Tax Calculator for Married Couples and How To Pay Less
Inheritance Tax (IHT) plays a crucial role in estate planning. It can be challenging to determine when it applies and the rate at which it’s charged. With our guide, navigating the complexities of IHT becomes more manageable. Read on through this week’s Friday Tax Tip to learn about the Inheritance Tax Calculator for Married couples,… Read more »
Gifting Company Shares: Family Benefits, Tax Savings
When gifting private company shares to your family members, there are several intricacies to consider. Today, we will discuss the tax implications that come along with gifting company shares. Explore the reliefs that can potentially apply to navigate this process effectively and save you money. (3-minute read) We will cover: Overview of Gifting Company Shares… Read more »
Parent’s Guide to Tax Planning for University
When your children go to university, you may wish to financially support their journey into adulthood. Many parents will need to be aware of the tax implications when fully financing their children’s fees, bills, and rent. In this guide, we will discuss tax planning for university, and how you can find the most tax efficient… Read more »
Generosity = Substantial Tax Savings
Typically, the last person to come to mind when thinking of generosity is the Taxman, who’s mere mention turns up the nose of most. But the rich and famous have been using these tactics for years. We explore the substantial tax savings when giving to charities, and the incentives for you to show your generosity,… Read more »
Tax-Smart Tactics for Entrepreneurs
For business owners and entrepreneurs, managing taxes can make a big difference in profits. This article provides easy-to-follow tax tactics for keeping more of what you earn. Dive in to learn straightforward methods for boosting your financial success. (4-minute read) We will cover: Salaries and remuneration Directors often opt to pay themselves a salary to… Read more »
Gift Property ➝ Pay Less Tax
When gifting property to family members, it’s vital to consider the tax implications. The process might appear straightforward initially. Yet, the intricate nuances of tax regulations can lead to unforeseen tax consequences. (6-minute read) We will cover: Capital Gains Tax (CGT) Gifting property within a family entails crucial tax considerations, especially concerning Capital Gains Tax… Read more »
Tax Advantages for Furnished Holiday Lettings
Are you considering owning a Furnished Holiday Letting (FHL)? Wondering how you can qualify for significant tax benefits and what the associated rules are? On this Tax Tip, discover the tax advantages of a Furnished Holiday Letting. (6-minute read) We will cover: Understanding Furnished Holiday Letting Qualifying as an FHL To gain FHL status, your… Read more »
Protect Your Business: Lasting Power of Attorney
Have you ever wondered what could happen to your business if you couldn’t run it anymore? We’ve partnered with Noor Law Solicitors to find out more about how a Business Lasting Power of Attorney can help your business. Guest Article by Saara Patel, Director | Noor Law Solicitors (7-minute read) We will cover: What could happen to… Read more »
How Doctors and Dentists Can Claim Tax Back On Tools Bought For Work
If you’re an NHS doctor or dentist, you need to know about your allowable expenses. For instance, to find out how to claim tax back on tools bought for work So if you work in healthcare or with the NHS, our guide explains what you’re allowed to deduct from your taxes. (4-minute read) We will… Read more »