Category: Tax
Dec 01, 2019 | TaxCompany Car Tax Rules | 2020 Changes
We specialise in business tax services, so if you need advice on your company car tax get in touch today. We have company car tax rules covered and can help you save money when it comes to your benefit in kind.
Nov 28, 2019 | TaxCapital Gains Tax Deferral Management
Summary. Capital Gains Tax Deferral through EIS investments allows UK investors to indefinitely defer CGT on gains by investing in qualifying unquoted companies. Recent rule changes, however, affect eligibility for Entrepreneurs’ Relief, potentially complicating CGT rates and deferral strategies. Thomas Nock Martin provides expert advice on maximising these tax benefits. Capital gains tax deferral […]
Nov 10, 2019 | TaxCompleting Your Online Self Assessment Tax Return
Summary. The annual deadline for submitting your online self-assessment tax return and paying any tax owed is 31st January. It’s essential for those with various income sources, including self-employment, property rental, or high savings. Online submission offers automatic bill calculation, instant confirmation, personalised forms, and error alerts. Missing the deadline incurs significant fines. Thomas Nock […]
Sep 25, 2019 | TaxHMO Tax | What Do I Qualify For As A HMO Landlord?
Summary. Landlords of HMOs generally can’t claim capital allowances for communal areas, as HMRC considers these as part of the dwelling. Tax deductions are viable for repairs and domestic item replacements. Incorrect claims risk penalties. Expert HMO tax advice is recommended. Our previous article on capital allowances for landlords raised a few questions regarding […]
Sep 10, 2019 | TaxHow Capital Gains Tax On Property Will Change From April 2020
Summary. Starting from April 2020, taxpayers must pay capital gains tax (CGT) on residential property sales within 30 days of completion, marking a significant departure from the current self-assessment system. This rule applies to both UK and overseas properties, with penalties for non-compliance. Thomas Nock Martin offers expert advice on navigating these changes. In April […]
Jun 25, 2019 | TaxSelf-Assessment Tax Returns | When Should You File Yours?
Summary. HMRC publishes an annual list identifying the right time for filing self-assessment tax returns online, including exclusions due to specific job circumstances. Checking this list ensures accurate tax filing, as ignorance or disregard may result in incorrect tax payments. Every year HMRC publishes a list of when the right time is for you […]
