Tax on rental profits
A taxpayer, Miss Akan, appealed to the First Tier Tribunal (FTT) against assessments in relation to Income Tax, Capital Gains Tax and penalties...
13 Sep
Income Tax
Category Archives: Income Tax
05 Sep
Income Tax
Students working summer jobs
We would like to remind any students that had a summer, job that they may be entitled to claim back any tax overpaid....
29 Aug
Income Tax
Allowable costs for property businesses
Costs that can be deducted by individuals that have a property rental business, depend on the type of property that is being rented...
22 Aug
Income Tax
How to earn more at the basic rate of tax
Donations made to charity over the course of a tax year can add up and taxpayers should ensure that they keep a proper...
22 Aug
Income Tax
Help to Buy: ISA scheme
The Help to Buy: ISA scheme launched in December 2015 and allows savers to claim a government bonus of 25% on monthly savings...
14 Aug
Income Tax
Time to declare offshore assets?
HMRC has published a press release to remind taxpayers that the 30 September 2018 deadline to come forward and declare any foreign income...
25 Jul
Income Tax
Will I pay tax when coming to the UK?
The statutory resident test (SRT) is used to determine if someone is resident in the UK for tax purposes when coming to the...
11 Jul
Income Tax
Rent-a-room relief to be modified
The publication of the draft Finance Bill 2018-19 includes legislation to change the way the rent-a-room relief scheme works. Following last year's Budget,...
04 Jul
Income Tax
1 million couples can still claim £900 tax refund
The marriage allowance allows couples to share part of their personal tax-free allowance in certain circumstances. The marriage allowance is available to married...
04 Jul
Income Tax
Claiming Income Tax if you have stopped work
HMRC issues guidance that covers what you need to do if you stopped work. The guidance covers the main reasons that you might...