Tax Return Adviser Ltd
Newsletters
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Avoid missing out on relief from stamp duty land tax
The First-tier Tribunal was asked to decide if the purchase of a property qualified for multiple dwellings relief (MDR). It was a close call but the judgment went HMRC’s way. What can be learned from this case that might help ensure a successful claim?
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Splitting a business: avoiding a HMRC headache
An individual trades as a car dealer and vehicle repairer and is keen to help his son start a new valeting business, which will trade on the same premises. Will HMRC treat this as part of the VAT-registered main business, and if so how can this be avoided?
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Hidden benefit of the new extended loss relief
The new extended tax loss relief seems straightforward but a closer look reveals an opportunity for sole traders and business partners to save more tax than first appeared. What do they need to know?
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Property letting: is it a repair or an improvement?
During the coronavirus lockdowns, many landlords may have taken the opportunity to carry out work on their properties - especially if these have been empty. How can they differentiate between "repairs" and "improvements" in order to maximise income tax relief?
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Using pension recycling to help fund coronavirus shortfall
A company is struggling for cash in the wake of the coronavirus lockdowns. It has approached its bank for a loan but the interest rate being offered is eye-watering. How could it use pension recycling as a tax-efficient alternative?
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Maximising the benefit of gift aid claims
Gift aid can provide a valuable tax break for higher or additional rate taxpayers. With coronavirus affecting many of them, what additional points should they be looking out for when advising them this year?