TCL

Major repairs to a let property – What is deductible?

SEPTEMBER 2025 The nature of buildings is such that it may be necessary to undertake significant repairs, such as the […]
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Tax implications of letting a room in your home

SEPTEMBER 2025 As the cost of living rises, you may consider letting a room in your home to bring in […]
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Directors’ loan accounts – The 30-day rule

SEPTEMBER 2025 Interest rates are coming down, but HMRC’s official rate of interest (ORI) for employee loans has increased to […]
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Earn tax-free income from renting out your garage

SEPTEMBER 2025 Earn tax-free income from renting out your garage There is a demand for garage space, particularly from tradespeople […]
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What happens to your estate if you die intestate?

SEPTEMBER 2025 In an ideal world, everyone’s estate would be distributed according to their wishes. However, where someone dies without […]
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Tax Implications of writing off a Director’s Loan

SEPTEMBER 2025 Personal and family companies often make loans to directors. However, there can be tax and National Insurance implications […]
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Claiming a deduction for the expenses of a property business

Expenses will be incurred in running a property business. To ensure that tax is not paid unnecessarily, it is important […]
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The company makes a loss – can a dividend be paid?

Anyone who invests in a company is taking a chance, hoping that the directors, as representatives of the company, will […]
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Utilising losses from a property rental business

Where a landlord makes a loss on their property rental business, the options for using that loss are limited. The […]
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New residence-based regime for foreign income and gains

The remittance basis of tax is an optional tax treatment that allows individuals who are resident but not domiciled in […]
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VAT on school fees

As outlined before the election, the new Government are to go ahead with their proposal to impose VAT on school […]
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Tax planning for trading losses

A sole trader or partnership business may make a loss for several reasons – not necessarily because it is not […]
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