Last Wednesday the Inform Accounting team (under the incredibly inventive name ‘Cooking by Numbers’) took the macaroon world by storm and showed their piping prowess, winning top spot in the Macaroon Wars put on by Miss Macaroon in the Great Western Arcade, Birmingham.
Despite rising tax charges year on year, many people still enjoy the convenience offered by a company car. The benefit in kind tax rules reward those who choose cheaper, lower emission cars with a lower tax bill.
Main residence relief (private residence relief) protects homeowners from any gains arising on their only or main home. However, there are conditions to be met for the relief to be available.
If you have a holiday home and decide to let it out, you may be able to benefit from the slightly more generous tax rules that apply to furnished holiday lettings as compared to other types of let, such as a residential let.