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Clive Owen LLP Tax News
November 2019

Welcome to our tax news delivering tax updates for businesses, entrepreneurs and private clients.

Our tax team are constantly advising individuals and companies on a variety of tax matters including inheritance tax planning, company re-organisations and disposals as well as minimising tax across the family.

Contact our tax team HERE!
Director's Loan Account - Keep the details and keep it in credit

In a recent Tax Tribunal case the judge agreed with HMRC that a detailed breakdown of director's loan account transactions is required, including dates.

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No Capital Allowances for equipment in a "Dwelling House"

In a recent Tax Tribunal case it was decided that only equipment installed in the “common parts” of a dwelling house qualifies for tax relief.

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Furnished holiday lettings businesses qualify for Capital Gains Tax relief

As mentioned above furnished holiday lettings businesses are eligible for capital allowances on equipment in the property. 

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Collecting unpaid Tax for 2018/2019 through your PAYE Coding

Under certain circumstances, it is possible to arrange the collection of unpaid tax through your PAYE coding rather than making a balancing payment on 31 January.

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Customs Changes - Government funding to help you prepare

£16m in new government funding is now available to help businesses train staff in making customs declarations and to help businesses who support others who trade goods to invest in IT. 

Read more on our website
Contact our tax team HERE!
More articles on our website - www.cliveowen.com
Offices at Darlington, Durham and York. Registered Office: 140 Coniscliffe Road, Darlington,
Co Durham, DL3 7RT

A list of members is available at the above address.
Registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England & Wales. Clive Owen LLP is a Limited Liability Partnership, registered in England and Wales. Registration number: OC312218

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