Posts Tagged: tax professional

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 »

Landlords: Capital Allowances Tax Benefits

Landlords Capital Allowances

For many landlords, understanding capital allowances is crucial to optimising tax savings within their rental businesses. This article offers an insight into what capital allowances can be claimed by landlords and delves into both commercial and residential property allowances. (Read Time: Approx. 4 minutes) Topics Discussed: Commercial property When it comes to non-residential let properties,… Read more »

How HMRC Find your Online Sales Activity

HMRC Online sales

In the past, individuals have tried to avoid paying tax by attempting to hide their online sales activity from HMRC. HMRC has shown that it possesses robust information gathering powers, enabling the authority to directly access data from major UK marketplaces like eBay and Amazon. This is especially evident when there’s an inkling that a… Read more »

Exploring Buy-to-Let Ownership: Personal vs. Company Structure

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 »

Inheritance Tax Calculator for Married Couples and How To Pay Less

Inheritance Tax Calculator for Married Couples

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

Gifting Company Shares

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

bedroom tax child at 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

tax tactics

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 »