Monthly Archives: January 2015

Residential property reforms

Buyers benefit from a tax-free bracket and incremental steps up The change to residential property Stamp Duty Land Tax (SDLT) announced in the Autumn Statement 2014 will make the process fairer for the majority of homebuyers. The new rules started on

Posted in Stamp Duty Tagged with: , , ,

Self-employment

Tax-deductible expenses If you’re self-employed, you can claim expenses against your tax bill, but not all business expenses qualify so it’s important to make sure your claim is valid. Unless something you buy for your business is a capital asset,

Posted in Tax Planning Tagged with: , , , , ,

Property income

Tax-free extra income By signing up to the ‘rent a room’ scheme, not only could you enjoy the extra income from the rent, but also up to £4,250 a year is free from tax. ‘Rent a room’ relief is an optional

Posted in Tax Planning Tagged with: , , , , ,

Employee benefits

Take your pension to the max Pensions have long been seen as a tax-efficient form of investment. The contributions that you pay into your pension will benefit from tax relief and aren’t subject to tax while they’re invested in your

Posted in Tax Planning Tagged with: , , , ,