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Can An FHL Business Qualify For Business Property Relief?

What are the circumstances where it can?

Business Property Relief is something many Furnished Holiday Lettings businesses try to claim, but mostly get refused. But we had a tribunal case recently where the business did qualify ...

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HMRC And The High Income Child Benefit Charge

Did you even know about it?

If you're claiming child benefit, then you need to be aware of the High Income Child Benefit Charge if your income, or that of your partners, is reaching the £50,000 threshold ...

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HMRC And Undeclared Gains On Sale Of Second Properties

Have you made a profit and not told them?

HMRC has identified 1,500 people who they're going to write to about why they haven't paid the Capital Gains Tax on the sale of second homes or buy-to-let properties ...

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An Accountant Or A Tax Advisor

Which one is right for you?

Accountants are the mainstay of the business world and ensure that your returns to HMRC are penny perfect. But not everyone has a tax advisor, and I think they're missing out ...

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Claiming Loan Interest Relief

Keeping accurate records could save you tax ...

A meeting with a potential new client this week has prompted me to write this blog post and remind us all how keeping accurate records could save you tax ...

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Family Will Planning: Using The Nil-Rate Band On First Death

To be effective, It needs to be used properly ...

When it comes to family will planning, have you heard of the nil-rate band on first death? It sounds like a mouthful, but when it comes to Inheritance Tax, it's a really useful relief ...

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Capital Gains Tax: Buy-To-Let landlords To Be Hit Again

HMRC proposes changes to the payment window ...

Buy-to-let landlords are having a difficult time with all the tax changes going on. HMRC have thrown another curveball with the timings of Capital Gains Tax payments on a property sale ...

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HMRC Restricts Non-Statutory Clearance Process

No more safety net ...

In a previous blog post, I advised that incorporating a property letting business could benefit from HMRC's Non-Statutory Clearance Process. However, this has now been withdrawn ...

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How To Lose Principal Private Residence Relief

There are a number of pitfalls ...

People may think that Principal Private Residence Relief is the best relief to offset against Capital Gains Tax, but there are a number of pitfalls that mean you can accidentally forfeit it ...

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Rental Property: To Furnish Or Not To Furnish?

Or even part furnish ...

As you start to prepare your 2017/18 tax return, you may be looking at the schedule of costs incurred on your rental property and are thinking about what can be claimed as a repair ...

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Taxation Of Serviced Accommodation

The benefits and disadvantages ...

I stayed in serviced accommodation at the weekend. It was so easy to book, the apartment was nicely furnished, clean, we were left bedding and towels and the entry was keyless ...

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The Tax Implications Of Employing Family Members

Make sure you have documentation ...

I reviewed a tax case to do with employing family members and thought I would blog about it. The case was about a parent paying their children through the business ...

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