Tax Return Adviser Ltd
Newsletters
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How long do you really need to keep payroll records?
You’ve decided to have an office sort out and are keen to get rid of the company’s old payroll records. You’ve heard that you only need to keep three years’ worth - is this correct?
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Is there a special time limit on AIA claims?
Unless the annual investment allowance (AIA) applies it can take well over a decade for your business to receive tax relief for the purchase of equipment. If you overlook the AIA can you go back and claim it later?
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What is the VAT treatment of free samples?
Your business is keen to boost sales of goods in retail stores, so you have decided to provide free samples to your customers with retail shops, and let them hold your goods on a sale or return basis. How do you deal with VAT in these situations?
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When does dwelling ownership begin for PRR purposes?
The First-tier Tribunal (FTT) recently had to decide if private residence relief (PRR) began when a couple moved into their home or when they bought the land on which it was built. This proved a surprisingly tricky question. What did the FTT decide?
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Writing off a loan to a company
A few years ago you lent your son's company money to help get the business off the ground. It’s now established, but it can’t afford to repay you. You decided to waive the loan but are there any tax consequences you need to be aware of?
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Increasing your tax-free capital gains
The annual capital gains exemption has barely increased in recent years. But in the right circumstances and with some planning you can manufacture your own increase. How’s it done?