Holiday accommodation businesses and tax relief
17 February 2024
From Bowness and Windermere, through Ambleside and Grasmere, and on up to Keswick, the Lake District is an ever popular tourist destination, and therefore home to many quality ‘holiday accommodation…
Principal Private Residence Relief
17 February 2024
A gain made on the disposal of an individual’s only or main residence can be exempt from Capital Gains Tax (CGT) thanks to the tax relief known as ‘Principal Private…
General tax planning points
16 February 2024
If you are the owner manager of your own company and you have distributable profits Make sure: a) you and your family take advantage of the tax free dividend band.…
Capital Gains Tax & Incorporation
16 February 2024
The owner(s) of a an unincorporated business (eg, a sole trade or partnership) might decide to incorporate for various reasons. For example, - to secure the protection of limited liability,…
Immediate tax liability on residential property sales
16 February 2024
If you own a holiday let, second home or a buy to let property and are thinking of selling you will have just 60 days post transaction to complete and…
