DARLINGTON OFFICE CALL 01325 349700
DURHAM OFFICE CALL 0191 3842244
YORK OFFICE CALL 01904 784400

Tax News

Passing on the Family home

Passing on the Family home

Date posted: 6th Jan 2020

The Labour party were proposing to reverse the recent Tory party inheritance tax cuts if elected. They were referring to the additional nil rate band for passing on…

Read
Conservative Party Elected with Working Majority

Conservative Party Elected with Working Majority

Date posted: 6th Jan 2020

Now that Boris Johnson and his Conservative party have won the General Election will we finally “Get Brexit Done”?  More importantly, can the Government now get on with…

Read
Finance Bill should now proceed

Finance Bill should now proceed

Date posted: 6th Jan 2020

Now that the General Election is out of the way, the tax changes in the draft Finance Bill scheduled to take effect from April 2020 are now more…

Read
Tax to Pay on your Dividends in January

Tax to Pay on your Dividends in January

Date posted: 6th Jan 2020

The rules for taxing dividends changed radically from 6 April 2016 with the removal of the 10% notional tax credit and the introduction of new rates of tax…

Read
Tax planning a new year priority says Darlington tax expert

Tax planning a new year priority says Darlington tax expert

Date posted: 5th Dec 2019

As the new year approaches, many people turn their minds to resolutions, healthy eating, exercise and filing their tax return! However, in the view of Lee Watson, tax…

Read
Member’s voluntary liquidations – important tax update

Member’s voluntary liquidations – important tax update

Date posted: 5th Dec 2019

It is usually the case that, when a company enters a member’s voluntary liquidation (“MVL”), any proceeds subsequently distributed to the shareholders are treated for tax purposes as…

Read
CYCLE TO WORK SCHEME, GET ON YOUR BIKE!

CYCLE TO WORK SCHEME, GET ON YOUR BIKE!

Date posted: 5th Dec 2019

The government has recently announced that the previous £1,000 limit on the cost of a bicycle provided under the cycle to work scheme has been removed. This will…

Read
Tax Free Christmas Gifts to Employees?

Tax Free Christmas Gifts to Employees?

Date posted: 5th Dec 2019

Remember that certain Christmas gifts to staff are tax-free if structured correctly. Ever since April 2016 employers are allowed to provide their directors and employees with certain “trivial”…

Read
Gifts to Charity

Gifts to Charity

Date posted: 5th Dec 2019

Where possible higher rate taxpayers should “Gift Aid” any payments to charity to provide additional benefit to the charity and for the individual to obtain additional tax relief…

Read
Furnished Holiday Lettings Businesses Qualify for Capital Gains Tax Relief

Furnished Holiday Lettings Businesses Qualify for Capital Gains Tax Relief

Date posted: 6th Nov 2019

As mentioned above furnished holiday lettings businesses are eligible for capital allowances on equipment in the property. Where the business incurs finance costs such as mortgage interest the…

Read

Building better business

WORKING WITH: