As tax laws continue to evolve in the UK, landlords are increasingly considering incorporating their property portfolios to optimise tax efficiency. While incorporation can offer financial benefits, it also comes with potential downsides, so options need to be weighed...
Family Investment Companies (FIC) An FIC is a private limited company typically set up by family members to manage and protect family wealth, often for long-term planning purposes and to hold assets. The appointed ‘Company Director’ (often a parent within...
Did you know that you can view, print and download your FULL tax returns at any time? Here’s what you need to do:- 1) Visit the Gov.uk website by clicking here www.gov.uk/log-in-register-hmrc-online-services and click on sign in to reach the login page. 2) Scroll...
The number of holiday lets in the UK has significantly increased in recent years. Running a holiday let can be time intensive and come with unexpected costs. To successfully let independently, owners must take on the role of property manager, cleaner, plumber and a...
As of 2020, it’s estimated there are 4.8 million family businesses in the UK, contributing £575 billion to the UK economy. Most of these are very small, with 3 quarters being sole traders, and a further 21% having 1 – 9 employees. Speak to any family...
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