Furnished Holiday Lets – tax advantages There are various tax advantages to a letting being a Furnished Holiday Let (FHL) … Read More
Until 5 April 2016 landlords who were letting residential property fully furnished could claim a 10% of rents as an … Read More
Child Benefit stops on 31 August on or after your child’s 16th birthday. Full details from HMRC are here.
HMRC have issued some further details on their making tax digital strategy. Partnerships, sole traders, self-employed and landlords with turnover … Read More
Class 2 National Insurance (“the stamp” in old money) stopped being collected by direct debit from 6 April 2016. It … Read More
From 6 April 2017 trading income or property income less than £1,000 in a tax year will no longer be … Read More
As announced in 2015 and 2016 budgets, Personal Allowances and the Basic Rate Band will increase from 6 April 2016 … Read More
The current £15,240 ISA limit is frozen for 2016/17. The Junior ISA limit remains at £4,080 for 2016/17. The Chancellor … Read More
Despite widespread predictions in the media and tax press, there has not been further restrictions in tax relief on pensions … Read More
LISAs or Lifetime Individual Savings Accounts will be available from 6 April 2017. These will allow up to £4,000 to … Read More