Exclusive extract from upcoming title Buy-to-Let Property Tax Handbook

Buy-to-let residential landlords: To incorporate or not incorporate? The legislation which progressively disallows landlords’ finance costs is effective from 6 April 2017. The regime, which effectively punishes borrowing to finance the business, will undoubtedly act as a barrier to entry for prospective landlords, leaving mortgage-free and corporate landlords unaffected. The new legislation giving effect to these changes is to be …

Gifts with reservation and the family home by Mark McLaughlin

The introduction of the inheritance tax (IHT) ‘residence nil rate band’ (RNRB) from 6 April 2017 will encourage many homeowners to retain an interest in their residence until death (or, alternatively, to ‘downsize’ during lifetime in such a way that a claim for the RNRB will be available on their death). Carry on occupying However, in some cases the homeowner …

Autumn Statement shocks by Rebecca Cave

There were three tax surprises in the Autumn Statement on 23 November 2016 which may need action within this tax year. VAT flat rate scheme (FRS) The FRS is used by numerous small businesses to simplify their VAT reporting, but many businesses also gain a cash advantage from using the scheme. The Government believes that some businesses have been abusing …

New webinar now available to watch: ‘Identifying Tax Planning Opportunities and Communicating them to your clients’

Watch Dave Wright from Bloomsbury Professional, Pete Miller from the Miller Partnership and host Ian Fletcher from 2020 Innovation talk through a selection of tax planning opportunities that you should be discussing with your clients. As well as discussing the legislation underpinning the opportunities and in what circumstances they might apply, Dave and Pete also show you how you might …