A SIPP is a self-invested personal pension which is set up by an insurance company or specialist SIPP provider. It is attractive to those who wish to manage their own investments. Contribution to a SIPP may be made by both the individual and, where appropriate, by the individual’s employer. Investments The range of potential investment…
Interest relief for renovation or development costs Often, when a property is purchased there is work to be done before it can be let out or sold. Where this work is financed by a mortgage or other loan, the way in which and the extent to which relief is available for the interest costs depends…
Where a property is located in a holiday region, a consideration will be whether to let it as a furnished holiday let or on a longer-term basis. As well as differing rental income, there are tax differences to consider too. Furnished holiday lets From a tax perspective, special rules apply to furnished holiday lets, which…
Whether you are employed or self-employed here are 7 last-minute tax planning tips that may save you money As the end of the 2018/19 tax year approaches, it is worthwhile taking time for some last-minute tax planning. Here are some simple tips that may save you money. Preserve your personal allowance: the personal allowance is…
The Autumn Budget on 29 October 2018 included a range of enhancements to PBs, aiming to encourage a stronger savings habit and boost the opportunity for young people to save. The changes should also help make PBs more accessible to everyone….
- Chancellor extends furlough scheme until October
- Should I buy a rental property through a limited company?
- Calculating taxable profits using the cash basis
- Deferring your state pension
- Self-employed invited to get ready to make their claims for coronavirus (COVID-19) support
- VAT is scrapped for digital publications
- New 100% government backed loan scheme for small businesses
- Changing a will after death
- Annual investment allowances
- Take advantage of interest-free loans
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