You may have heard of this latest new initiative from HMRC sometimes referred to simply as MTD – here we look at what this is and how it will impact you and your business.
How can I extract funds through a limited company in the most tax efficient way ?
In this article we address one of the most common questions we receive from business owners – how do I pay myself and make sure I minimise the amount of tax and national insurance ?
The options outlined below incorporate the significant changes to the way that dividends are taxed and the restricted availability of the employment allowance which were introduced from 2016-17.
Individuals are subject to a system of independent taxation so husbands and wives are taxed separately. This can give rise to valuable tax planning opportunities. Furthermore, the tax position of any children is important.
Marriage breakdowns can also have a considerable impact for tax purposes. Read More
Investment in property has been and continues to be a popular form of investment by many people. It is seen as a route by which:
- relatively secure capital gains can be made on eventual sale
- income returns can be generated throughout the period of ownership
- mortgage finance is covered in repayment terms by the security of the eventual sale of the property and in interest terms by the rental income.
Of course, the net returns in capital and income will depend on a host of factors. But on the basis that the investment appears to make commercial sense what tax factors should you take into account?