Category Archives: Income tax

Rental Income – Our 3 Favourite Tax Saving Tips

Rental Income - Our 3 Favourite Tax Saving Tips According to the last census there are over 23M homes in the UK.  Of which 36% were rented (see further analysis from the BBC here). There are regional variations noted in the report and we can assume from the number of property rental agencies listed that Staffordshire…
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Donations – personal vs company

Donations - should they be paid personally or by your Limited Company? I've already written about the tax efficiency of making donations here.  But I wanted to expand on this for those who have their own limited company. When you have a company you have the choice of whether to make your donations personally or…
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Property purchase costs – getting a tax deduction

Property purchase costs - when are they tax deductible? When you buy a property you’ll incur legal and other professional costs.  Usually these are only tax deductible when you come to sell the property (they reduce your capital gain).  However, if the property is used in your business is there a way you can deduct…
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ISAs in 2015 – what’s on offer

Is there an ISA out there that’s right for you? At the time of writing this we have just had the Budget for 2015 read in parliament, our commentary you can read here.  Within this year’s Budget a brand new ISA was created and changes to the existing ISAs were made. These changes were in addition…
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