The tax incentives available make EIS investments very attractive. Income tax relief for qualifying investors is immediate, and if an investment is successful, it may be disposed of tax free. These schemes are therefore very much worth considering if your company is looking to raise finance.
We still come across cases where taxpayers, particularly those coming to us as new clients, haven’t received all the tax relief they are due on pension contributions – which isn’t entirely surprising considering the different ways these can be paid.
Claiming Residence Nil Rate Band when passing on your property
This article is the fourth in a series in which we focus on property issues in our bi-monthly e-newsletter for individuals and their families, Pathfinder – personal tax and wealth(sign up here). Over the next few editions of the e-newsletter we will further explore the most common property tax issues our clients are asking us about. Whether a landlord, or simply someone looking to utilise property as an investment for their (and their family’s) future, this series will seek to advise you on your options, and prevent you from falling foul of any unforeseen tax implications!
In this article we look at how Residence Nil Rate Band (RNRB) can potentially allow you to pass a proportion of the value of your home without paying any tax on its value…
In a little over two months many VAT registered businesses with turnover exceeding the £85,000 threshold will be required to file VAT returns digitally. Under Making Tax Digital (MTD) businesses will be required to use software to keep accounting records and file VAT returns to meet the new requirements.