Capital Gains Tax on Second Property (What You Need to Know!)
For owners of multiple properties, it’s important to understand the tax liabilities that arise on the disposal of residential property assets. But the rules for capital gains tax on a second property can seem daunting, not least because the capital gains rules differ between your main home and any additional properties you own. Where the […]
What is Entrepreneurs’ Relief?
12 minute read Last updated: 16th October 2019 As an entrepreneur, either on your own or part of a company set up, you are used to taking risks in the name of business growth. With that risk comes the possibility of huge rewards, but cash flow can be critical to your success or failure. Sometimes […]
Capital Allowances on Cars
The rules for claiming capital allowances on cars are complex. But with careful tax planning it is possible to reduce your taxable profits and tax bill by claiming the full extent of tax relief available on car purchases. Capital allowances on cars operate under different rules to capital expenditure on plant and machinery. Capital allowances […]
Capital Allowances on Buildings
For owners of commercial property that pay tax in the UK, a thorough review of all capital expenditure can yield surprising results in the form of capital allowances on buildings that can minimise your tax liability. There are many situations that give rise to eligible capital expenditure. Generally speaking, a business’ expenditure on plant and […]