“Rent A Room” Limit Increased To £7,500
on 1 August 2015
with No Comments
The current £4,250 limit for tax free rental income from lodgers is to be increased to £7,500 from 6 April … Read More
Buy To Let Landlords – Interest Relief To Be Restricted To Basic Rate
on 1 August 2015
with No Comments
The Chancellor announced that the amount of income tax relief landlords can get on residential property finance costs (such as … Read More
Scam emails
on 10 July 2015
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Always be suspicious of any email mentioning a refund from a “tax credit office agent”. Look out for links to … Read More
Dividend Tax – Summer Budget 2015
on 9 July 2015
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From April 2016 Dividend Tax Allowance of £5,000 a year meaning that the first £5000 of dividends received will not … Read More
Marriage Allowance transfer
on 25 February 2015
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From 6 April 2015, spouses and civil partners can transfer up to £1,060 of their personal allowance to each other … Read More
High income child benefit charge
on 23 October 2014
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Child benefit started to be taxed from 9 January 2013, but only in cases where the claimant or their partner … Read More
No tax deduction for sponsorship
on 16 October 2014
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A recent case before the Court of Appeal has determined that a particular company was not allowed tax relief on … Read More
Flexible pensions to go ahead in 2015
on 9 October 2014
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In his March 2014 Budget, the Chancellor announced that there would be significant changes to allow individuals to have greater … Read More
Self-employed traders business travel
on 17 September 2014
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Following a recent case in front of the Upper Tier Tax Tribunal involving a doctor with a private practice (Dr … Read More
Changes to Class 2 NICs collection
on 12 September 2014
with No Comments
Self-employed individuals will be able to pay their Class 2 NIC contributions through self-assessment alongside their income tax and Class … Read More