Taxes
Can I Reduce Limited Company Tax with My Spouse?
Company owners can make big tax savings by transferring shares to their spouse or civil partner. The good news? There’s no Capital Gains Tax on gifts between married couples – however, careful planning is required for the diversion of income to be tax-effective. If you are a cohabiting couple, and not married or civil partnered,…
Read MoreEmergency Mini-Budget 2022 – Key Highlights
This morning (Friday 23rd September), Chancellor Kwarteng unveiled his ambitious new “Growth Plan” to tackle inflation, support businesses, and help households. He’s aiming for a 2.5% trend of growth, and key highlights are: Corporation Tax remains at 19%, with the planned rise cancelled Basic rate Income Tax will be cut to 19% in April 2023…
Read More1 in 5 Landlords to Sell Buy-to-Let Property – Find Out How
Rising mortgages and falling property prices are set to push up to 20% of landlords into selling their buy-to-lets – especially smaller landlords with only one or two properties. The cost-of-living crisis is also making repairs and maintenance fees unaffordable, increasing insurance premiums, and casting doubt on whether tenants will be able to pay rent.…
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