Increasing tax deductible finance costs for buy to let property

The Issue HMRC currently allows finance costs on rental property to be tax-deductible to the extent that the loan does not…

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Don’t forget the non-residence option

Although it is rather an extreme measure, one way for individuals to limit their tax exposure can be for them to…

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New dividend rules make Employee Shareholder Status more attractive

From 6 April 2016 the dividend tax credit is being replaced by a £5,000 tax-free dividend allowance, with rates on income…

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Are dividends always the best form of remuneration? Maybe not for boffins!

It is generally more tax efficient to extract funds from a company by dividends rather than taking a salary (dividends are…

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Advance Payment Notices (APNs) are here to stay

The High Court has heard a Judicial Review that was looking to challenge whether APNs are lawful. Taxpayers who had received…

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Sideways loss relief settlement opportunity

What is this? The opportunity covers situations where an individual has made an investment that has resulted in a loss computed…

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New dividend rates – it could be beneficial to charge the company for use of assets

HMRC issued further details this week on the new tax regime for dividends which will come into force from 6 April…

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Did Osborne’s attack on Entrepreneurs’ Relief work?

The March 2015 Budget contained important changes to the Entrepreneurs’ Relief (‘ER’) rules affecting clients with management holding companies.  Action may…

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Hike in dividend rates from 2016 make capital reductions (even) more attractive

Currently the maximum effective tax rate on dividends is 30.56% but this rate will rise to 38.1% from 6 April 2016….

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You don’t need to own a £1M home to benefit from IHT breaks

Recap In April we outlined proposed rules for IHT breaks for £1M homes. Back then it was thought that couples would…

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