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Inheritance tax – making tax-free gifts
There are various exemptions, and potential exemptions, which make it possible to make gifts free of inheritance tax. Making tax-free ...
Cash basis for landlords – when does it apply?
The cash basis simply takes account of money in and money out – there is no need to worry about ...
Rent-a-Room: New restrictions
Rent-a-room relief offers the opportunity to enjoy rental income of up to £7,500 tax-free from letting out a room in ...
Inheritance Tax and potentially exempt transfers
It is possible to make gifts during your lifetime free of Inheritance Tax (IHT), as long as you live for ...
Overpaid tax? How to claim it back
There are various reasons why you may have paid more tax than you needed to for a tax year. For ...
Tax-free parties – how to exceed the £150 per head limit
The tax system contains a limited exemption for Christmas parties and other annual functions, under which employees can enjoy an ...
Do we need to register for VAT?
A business must register with HMRC for VAT if its VAT taxable turnover is more than the VAT registration threshold ...
Making Tax Digital for VAT – what records must be kept digitally
Making Tax Digital (MTD) for VAT starts from 1 April 2019. VAT-registered businesses whose turnover is above the VAT registration ...
Flipping – how to choose your main residence to maximise relief
Private residence relief (also known as main residence relief) takes the gain arising on the disposal of a person’s main ...
