Joint tenants v tenants in common
When it comes to owning property jointly you can opt for either being either joint tenants or tenants in common. You might be tempted to ask ‘does it really matter’? Well in our opinion it does.
Latest News
Weighing up LLPs
A limited liability partnership (LLP) is similar to an ordinary partnership in that a number of people or limited companies join together and share the costs, risks, and responsibilities of the business. Here we take a look at the tax implications.
Tax relief on business-related loans
Subject to certain conditions and restrictions, tax relief will generally be available for interest paid on loans to, or overdrafts of, a business in the form of a deductible expense.
Zero charge for zero emission cars
From 6 April 2020, the way in which carbon dioxide emissions for cars are measured is changing. It’s worth making sure you’re up to speed on what this means in relation to the tax implications.
60% tax rate risk on bonuses
With the lead up to Christmas upon us some directors and employees may be fortunate enough to be on the receiving end of a financial bonus. If you are in this position it’s worth reviewing things in advance to see if there is a risk of you suffering effective tax rates of up to 60%, and if the answer is yes, whether this can be avoided.
Tax-free benefits to keep employees healthy
What can employers do to help prevent the 25 million working days lost annually due to work-related ill health matters, including the two leading causes of workplace absence, back injuries and stress, depression or anxiety?
Stamp duty land tax on non-residential properties
Stamp duty land tax (SDLT) is payable in England and Northern Ireland on the purchase of property over a certain price. It applies equally to residential and non-residential properties, although the rates are different.
HMRC updates phishing guidance
Fraudsters are often using phishing activity that involves pretending to be from HMRC to trick people into parting with money.
Creative Tax Reliefs
Did you know that there are tax reliefs that can be accessed by companies working within the UK’s creative and cultural sector?
Nominating your main residence
Private residence relief shelters a gain on the sale of a residence from capital gains tax while the property has been the owner’s only or main residence.