Posts Tagged: pensions

Legal Vs. Beneficial in Joint Property Ownership

legal vs beneficial

In the complex world of property ownership, the distinction between legal and beneficial ownership is not only pivotal but often misunderstood. This understanding is especially crucial when it involves joint property, where nuances in ownership can significantly impact financial and legal outcomes. (Read Time: Approx. 4 minutes) Topics Discussed: Understanding Legal Ownership in Joint Property… Read more »

Autumn Statement for Growth
Quick Summary

Autumn Statement

The much-anticipated Autumn Statement 2023 recently unveiled by the Chancellor of the Exchequer, Jeremy Hunt, brings significant changes impacting various sectors of the UK economy. From inflation forecasts to adjustments in taxes, benefits, and wages, the statement outlines crucial fiscal policies and projections for the coming years. We’re highlighting the most impactful financial changes, which… Read more »

HMRC Will Pay for your Christmas Party!

Christmas party tax

Is your office in a festive mood? A festive get-together is a wonderful way to strengthen your staff’s bond and celebrate the completion of the year. Learn about effectively planning a Christmas Party, tax FREE. (Read Time: Approx. 3 minutes) Topics Discussed: Throwing the Perfect Tax FREE Party End-of-year staff parties are not just about… Read more »

How you could be claiming an extra £441 per month from DWP

unclaimed allowance

Have you heard of this unknown and mostly unclaimed allowance? People over 66 can claim for this non-means tested allowance on a wide range of health issues. This applies regardless of your income or savings! This guide explores what Attendance Allowance is, how to claim, and who is eligible. (Read Time: Approx. 3 minutes) Topics… Read more »

Your Guide to LLP Vs. LTD Company Tax Choices

LLP Vs. LTD Company Tax

In the dynamic world of business, making the right decisions early on can have a lasting impact on your tax liabilities. One such critical choice is the business structure, with options ranging from sole proprietorships to corporate entities. However, for many business-people, the choice often narrows down to two options: a Limited Liability Partnership and… Read more »

The Tender Shelter of Nuptial Ties

married tax benefits uk

Who knew marriage could be so financially rewarding? In the dance of matrimony, not only do hearts intertwine, but so do financial perks. Dive in as we unravel the tax secrets every married couple should know. (Read Time: Approx. 3 minutes) Topics Discussed: A Trip Down Memory Lane: The 1990 Tax Evolution Venturing back in… Read more »

WARNING to Landlords on property transfer to Limited company using “Hybrid Business Models”

landlord property transfer to company

There’s been a rising tide of conversation within the property sector concerning a particular tax planning option related to landlord property transfer to company You may have heard of it referred to as the ‘hybrid business model’. On the surface, it appears to offer numerous benefits, from reduced taxes on property business profits to lessened… Read more »

Capital Gains and Inheritance Tax for Landlords – a Guide

inheritance tax for landlords

For a landlord, it’s crucial to be aware of the taxes you might have to deal with, specifically Capital Gains Tax (CGT) and Inheritance Tax (IHT) upon your demise. Before figuring out which of these taxes will apply (or in some cases, when both apply), you first must find out: do your assets or the… Read more »

Incorporating a Buy-To-Let Property Business – The Simple Facts

buy to let property business

Incorporating a property business or buy-to-let portfolio is no small decision. It presents both opportunities and complexities, especially in the realm of tax considerations. In this week’s Friday Tax Tip, we aim to simplify these complexities for you. (Read Time: Approx. 6 minutes) Topics Discussed: Incorporation: Property Business/Buy-to-Let When considering the incorporation of a residential… Read more »