Tax treatment when a partner dies: what you need to know When a partner in a business passes away, the tax treatment when a partner dies becomes a critical issue for the remaining partners, their estate and the business itself. Whether you operate a general...
What is an unclaimed child trust fund? If you were born between 1 September 2002 and 2 January 2011, there’s a chance you may have an unclaimed child trust fund waiting for you. A Child Trust Fund (CTF) was a tax-free savings or investment account set up by the...
Understanding a reasonable excuse for late tax return Missing your filing deadline can lead to a penalty from HM Revenue & Customs (HMRC). However, you may avoid the penalty if you can show you had a reasonable excuse for late tax return. Whether HMRC accept your...
Understanding Pre-letting Property Expenses When you purchase a property to let, you may incur pre-letting property expenses before the first tenancy begins. It’s important to know how these costs are treated for tax purposes, because the relief available depends on...
Introduction The Community Infrastructure Levy is increasingly affecting homeowners as well as developers. While originally designed to fund infrastructure through new large-scale development, extensions and self-builds are now frequently caught by the Community...
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