Buy To Let property expenses

Some accounting tips

Reduced rate of VAT

Reduced rate of VAT

The reduced rate of VAT has been extended until 31 March 2022. Will this benefit your business? Leave a comment to let us know what you think.
#Hospitality #Entertainment

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Reporting Expenses & Benefits

Reporting expenses and benefits for 2020/21

If you’ve provided taxable benefits and expenses to your employees this year you will need to let HMRC know by 6 July 2021. Some benefits are exempt, and there are a number of temporary Covid-19 specific exemptions that apply for the 2020/21 tax year. Read more below.
#BusinessTax

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Restart Grants

Restart Grants and Recovery Loans

There are grants and loans available to help businesses reopen until 3 December 2021. Today’s article explains more about what they are and how to check if you’re eligible. #CovidBusinessSupport

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BTL or FHL

Buy-to-let or furnished holiday letting?

Are you wondering whether your property investment will be a buy-to-let or a furnished holiday let? Different tests apply and there are various tax consequences to which you choose We’ve written a quick guide to explain more. #HolidayLet

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Capital Gains Tax

Beware the capital gains tax connected person rules

Don’t get caught out – if you transfer assets, normally property, to someone deemed as a ‘connected person’ you might receive an unwelcome tax bill even if you’ve not received a penny for the transfer. We go through a case study to demonstrate how this tax trap works.

#TaxBill #CGT #Landlord

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SEIS

Further grants for the self-employed

Grants are available for self-employed individuals until September 2021. If you missed out on the first grants, you may now be eligible to claim. We explain the criteria for the next two grants and when you’ll be able to claim.

#SelfEmployed #COVID19Grants

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