Capital Allowances are a tax relief practice which allows taxpayers to deduct capital expenditure against their annual taxable income. They allow businesses to claim for certain types of capital expenditure, thus reducing the amount of corporation or income tax owed....
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...
Recent Comments