Our Recommendations In an already stressful and difficult time, the last thing you want to be worrying about is estate planning. While you are still married, even if separated but not divorced, your spouse still has a claim to your estate. Ensure your Will, Life...
Skip the details and speak directly to our Capital Allowances specialist through our Group company OCG Accountants What are Capital Allowances? Capital Allowances are a tax relief practice which allows taxpayers to deduct capital expenditure against their annual...
The Income Tax Act 2007 (section 836) allows for income from properties that are jointly owned by married couples or civil partners that live together, to be legally split 50/50. Changes to the default 50/50 split on property income can be declared using what’s known...
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...
The time to claim capital allowances on your FHL is now As predicted, the government is still going ahead with their plans to remove the tax advantages that current furnished holiday let owners enjoy. The proposed revisions include: applying the finance cost...
The future of the private rental sector (PRS) in the UK is a subject of considerable debate and interest, shaped by evolving economic conditions, regulatory changes, and shifting societal attitudes towards housing and landlords. As the sector faces numerous challenges...
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