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01 March 2018

Can I claim rent-a-room relief if I am not living in the property throughout?

on Thursday, 01 March 2018.

Rent-a-room relief allows you to let out part of your home without any income tax liability, providing your rental income does not exceed £7,500 per annum.

In this month’s Q&A we take a look at rent-a-room relief and how it can apply even if you are temporarily not living in the property.

31 January 2018

If an employee uses the company van, will a van benefit apply?

on Wednesday, 31 January 2018.

We all know that company car tax rarely makes it tax efficient to run a company car, but what about a company van? Are the rules the same?

In this month’s Q&A we take a look at the van benefit charge, and how it might be avoided where there is restricted private use.

06 November 2017

What tax applies to land sold for development?

on Monday, 06 November 2017.

This question has come up a couple of times in the past month, from both existing and new clients: if I sell land with planning permission, what are the tax implications?

In this month’s Q&A we take a look at the Transactions in Land (TIL) rules, which often impose Income Tax rather than Capital Gains Tax on the sale of land.

02 October 2017

What are the inheritance tax implications of a letter of wishes?

on Monday, 02 October 2017.

It was recently reported in the press that Sir Bruce Forsyth dodged Inheritance Tax by leaving his total estate to his wife, who in turn gifted assets to his children.

In this month’s Q&A we take a look at how a letter of wishes can be used in Inheritance Tax planning.

30 August 2017

Will the sale of grazing land qualify for Entrepreneurs Relief?

on Wednesday, 30 August 2017.

This question has come up a number of times over the years from clients selling small parcels of agricultural land that have been used for grazing.

In this month’s Q&A we take a look at whether land used for grazing can qualify for Entrepreneurs Relief, and what is required to meet the trading test.
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The Mill, Pury Hill Business Park
Alderton Road, Towcester
Northants, NN12 7LS

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