Using former FHL losses
Date posted: 4th Sep 2025
From 6 April 2025, furnished holiday lets (FHLs) are treated in the same way as other lets for tax purposes. Landlords letting both holiday accommodation and other properties…
Date posted: 4th Sep 2025
From 6 April 2025, furnished holiday lets (FHLs) are treated in the same way as other lets for tax purposes. Landlords letting both holiday accommodation and other properties…
Date posted: 4th Sep 2025
From 30 October 2024, the main rates of Capital Gains Tax (CGT) on disposals of assets (other than residential property and carried interest) increased: For basic rate taxpayers:…
Date posted: 3rd Sep 2025
Earlier this year, the Government reversed their original announcement that WFP would only be available to pensioners on certain benefits and confirmed that WFP will be made to…
Date posted: 3rd Sep 2025
Starting 6 April 2025, directors of close companies across the UK must provide significantly more detail on dividend income within their Self‑Assessment tax returns. These updates from HM…
Date posted: 3rd Sep 2025
Many business owners consider employing a spouse, family member or child in the business. While this can be tax-efficient, there are rules you must follow to stay compliant…
Date posted: 3rd Sep 2025
Did you know that rewarding staff for great ideas can not only drive innovation—but also be tax-efficient? HMRC offers a tax-free allowance for businesses to reward employees for…
Date posted: 30th Jul 2025
We are contacted very regularly by existing and potential landlords in respect of whether to set up a limited company to acquire buy to let residential properties. Usually…
Date posted: 30th Jul 2025
There are many possible situations in which a person may make a loan to a family member, for example, a parent may lend money to an adult child…
Date posted: 30th Jul 2025
Cars are a special case when it comes to capital allowances. While capital allowances may be claimed on cars used in a business, partners and sole traders have…
Date posted: 30th Jul 2025
Although many companies are facing difficult times, some have managed to accumulate a sizeable amount of cash in their business’ current account. Leaving this cash where it is…
