Register of Overseas Entities – A Complete Guide
This article talks about the introduction of the Register of Overseas Entities (ROE) under the Economic Crime (Transparency and Enforcement) Act 2022 in the UK, outlining the registration process, consequences of non-compliance, and the impact on property ownership for overseas...
Jointly Owned Properties | Top Tax Saving Tips
The article outlines the tax implications of joint property ownership in England & Wales, covering Joint Tenancy, Tenancy in Common, default income splits, the use of Form 17 to change splits for married couples, and the strategy of transferring beneficial...
Tax on Airbnb Income
The article outlines UK tax considerations for Airbnb hosts, covering the Rent-a-Room scheme, Capital Gains Tax reliefs, VAT implications, recent changes for serviced accommodation businesses, and HMRC's campaign targeting undeclared income.
Should I Incorporate to Avoid Section 24?
Many accountants suggest going the incorporation route to tackle Section 24, and it does come with its perks. But, hey, don't forget to watch out for the potential downsides too.
Transferring Your Property to Spouse as Solution to Section 24
To navigate Section 24, consider sharing ownership with your spouse, especially if they're in a lower tax bracket. It's a savvy move to ease potential tax impacts.
A Guide on Interest Relief Restriction Section 24 on Landlords
This article delves into the 2015 Summer Budget's impact, specifically Section 24 of Finance Act 2015, outlining proposals to limit tax relief for landlords on interest and finance costs, potentially affecting millions of individual landlords across the UK, despite a...
A Complete Guide to Company Accounts
Every limited company in the UK must prepare and file the company’s accounts referred to as the “Statutory Accounts” annually. The statutory accounts should be filed with the Companies House and HMRC (together with the corporation tax return) annually. What...
A Complete Guide on LLP Accounts
Every limited liability partnership (LLP) in the UK must prepare and file the company’s accounts referred to as the “Statutory Accounts” annually. The LLP accounts should be filed with the Companies House and HMRC (together with the LLP’s tax return)...
A Complete Guide on Partnership Accounts
A Partnership unless a Limited Liability Partnership (LLP) or a Limited Partnership (LP) is registered only with HMRC. These partnerships are generally referred to as “Ordinary Partnership” or “General Partnership”. There is no legal requirement to prepare the partnership accounts....
By using this website, you agree to our use of cookies to enhance your experience.
For more information, please see our Cookie Policy.
Close