Buying property in a different legal entity

VAT

Your landlord has given you the chance to buy the freehold of your trading premises at a reduced price but will charge VAT on the deal. Should you buy the property in a different legal entity and, if so, what VAT issues does this create?

06.12.2022

Can you reduce your self-assessment payments?

Personal Tax

If you’re in the self-assessment system you might have to make tax payments on account. These can total more than your actual tax bill. When and in what circumstances can you reduce these payments?

02.12.2022

Tax deductions for personally owned equipment

Personal Tax

If you use personally owned equipment for your job you may be entitled to a capital allowances tax deduction. It’s only allowed if the equipment is “necessary” for your job, but who decides what’s necessary and what’s not?

30.11.2022

Will a late reimbursement cause problems?

Personal Tax

During the pandemic your company was struggling for cash. To help, you didn’t claim reimbursement of business expenses you incurred. However, your company can now afford to pay you back. Will this cause a problem?

24.11.2022

Can you keep your workers warm with a tax-free benefit?

Personal Tax

Businesses face soaring energy costs and uncertainty over government help to mitigate them. If you turn down the heating and provide your employees with a company fleece to keep them warm, would the clothing be a taxable benefit?

21.11.2022

Chancellor announces tax increases

Personal Tax

What key changes did Chancellor Jeremy Hunt announce in today's Autumn Statement?

17.11.2022