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Is it the end of the line for Disincorporation Relief?
Frequently Asked Business Question: Back in the early noughties, I changed my small plumbing business from operating as a sole-trader to operating as a limited company. I find the requirements of operating as a company onerous
Paying Tax on an Inheritance
Question. I inherited a small property and some shares from an aunt who died recently. Do I have to pay tax on these assets? Answer. You don’t usually pay tax on anything you inherit at the
The beginning of the end of the tax return?
Question. As a pensioner with modest income to complete on my tax return, I have just received a Simple Assessment from HMRC. I believe this replaces the need to do a tax return. Is this right?
Renting out my Spanish holiday villa and tax
Question. I live in Northern Ireland and have recently bought a holiday villa in Spain which we used for 3 weeks during the summer. Now that the kids are back at school and university I am
Using my business loss to reduce my tax bill
Question. I have a small self-employment business which has made a loss for the past 2 tax years. I am confident that it will be profitable again in the current tax year. My only other income