If you use your home for business purposes, rent out parts of your home whilst you are still in residence or if you rent out your home while you are resident elsewhere, you may need to consider the tax consequences. This article covers some of…
Author: Dev15
Claiming back pre-registration VAT
The good news is you can reclaim VAT added to certain expenditure that was paid out prior to your business registration for VAT. HMRC’s instructions on this issue confirm: There is a time limit for backdating claims for VAT paid before registration. From your date…
Incorporating a buy to let property business
Any buy to let landlord that presently claims a tax deduction for mortgage interest is likely to be adversely affected by changes in the tax rules from April 2017. In previous blogs we have pointed out that from April 2017, finance charges (including mortgage interest)…
Directors loans - tax implications
Lending money to your company If you lend money to your company, the tax effects are as follows: · Your company will not pay corporation tax on the money you lend it. · If your company pays you interest on the loan, it will need…