How can a loan trust save inheritance tax (IHT)?

September 12, 2017 | by Sian Kelly | No comments

A loan trust can be used as a vehicle to save inheritance tax, whilst retaining the ability to access the funds lent to the trust.

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Buy-to-let landlords-the new rules on interest relief

September 07, 2017 | by Sian Kelly | No comments


With rising property costs and low interest rates, many people took out a mortgage to invest in a buy-to-let property. As long as property prices continued to rise and the tenants paid their rent, investors could make money from the rising market while the rent from the tenant paid off the mortgage

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A new start up business- what profits are taxed?

August 30, 2017 | by Sian Kelly | No comments


An unincorporated business pays tax on what is known as the `current year basis’. This means that, as a general rule, the profits for a tax year are taxed by reference to the profits for the 12 months to the accounting date that ends in that tax year.

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VAT flat rate scheme and relevant goods- What counts?

August 07, 2017 | by Sian Kelly | No comments

The VAT flat rate scheme is a simplified VAT scheme, which allows small traders (turnover of £150,000 excluding VAT) to account for the VAT that they pay to HMRC by reference to a percentage of their VAT-inclusive turnover.

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Inheritance Tax- the Residence Nil Rate Band and downsizing

August 02, 2017 | by Sian Kelly | No comments

The residence nil rate band (RNRB) is an additional nil rate band, which is available where a death occurs on or after 6 April 2017 (or, in the case of married couples and civil partners, the death of the second spouse/civil partner occurs after that date) and the property is left to direct descendants.

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A quick guide to Corporation Tax and trading losses

August 02, 2017 | by Sian Kelly | No comments

Relief may be available where you operate your business through a company and you make a loss.

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