There are special rules concerning the payment of Capital Gains Tax (CGT) on the sale of personal possessions also known as ‘chattels’. Personal possessions are generally defined as possessions with a predictable useful life of 50 years or less and
Any business that has been adversely affected by the new ‘limited cost trader’ test that was introduced on 1 April 2017, should consider whether it will be more beneficial to leave the VAT Flat Rate Scheme (FRS) and revert to using traditional VAT
‘PLANNING TO WIN’
Burton Sweet and Meridian Financial Services invite you to join them on Thursday 23rd November in Frome for a post-Budget briefing for small and growing businesses and their owners.
Drinks and light refreshments will be available
The term capital allowances is used to describe the allowances available to businesses to secure tax relief for certain capital expenditure. The rules that govern the purchase of capital equipment such as computer equipment, vehicles and machinery by
There are different categories of property rental business such as UK property businesses, overseas property businesses, UK furnished holiday businesses and EEA furnished holiday lettings businesses.
As a general rule, landlords renting out more
The Communities Secretary Sajid Javid has announced plans to make the process for buying a home ‘cheaper, faster and less stressful’. This includes looking at new measures to tackle gazumping where a seller accepts a higher offer from a new buyer
Businesses can claim a 100% first-year allowance (FYA) on the purchase of certain qualifying Plant and Machinery (P&M). In certain circumstances they can also claim FYA’s on the purchase of low CO2 and electric vehicles. The generous Annual
The Communities Secretary Sajid Javid has announced plans to make the process for buying a home ‘cheaper, faster and less stressful’. This includes looking at new measures to tackle gazumping where a seller accepts a higher offer from a new buyer
A recent investigation by the Insolvency Service has seen two directors of a company selling fine wines disqualified for a total of 20 years. Crimson Fine Wines Limited cold-called customers and offered them the opportunity to take part in fine wine
Businesses can claim a 100% first-year allowance (FYA) on the purchase of certain qualifying Plant and Machinery (P&M). In certain circumstances they can also claim FYA’s on the purchase of low CO2 and electric vehicles. The generous Annual
The term capital allowances is used to describe the allowances available to businesses to secure tax relief for certain capital expenditure. The rules that govern the purchase of capital equipment such as computer equipment, vehicles and machinery by
The marriage allowance (MA) allows couples, where one partner does not fully utilise their personal tax allowance, to share a limited amount of the unutilised portion with their spouse. The MA is only available to married couples and those in a civil
