Posted on January 9, 2015 by admin - Uncategorized
If you’re self-employed, you can claim expenses against your tax bill, but not all business expenses qualify so it’s important to make sure your claim is valid. Unless something you buy for your business is a capital asset, for example, a computer or machinery (which you claim for under different rules), you can deduct its full cost when working out your taxable profits. You receive immediate tax relief for the full amount. (more…)
Posted on January 9, 2015 by admin - Uncategorized
By signing up to the ‘rent a room’ scheme, not only could you enjoy the extra income from the rent, but also up to £4,250 a year is free from tax. ‘Rent a room’ relief is an optional scheme that lets you receive up to this amount in rent each year from a lodger, tax-free. This only applies if you rent out furnished accommodation in your own home. (more…)
Posted on January 9, 2015 by admin - Uncategorized
The Autumn Statement 2014 has once again created winners and losers. These are some of the main points that could affect you on tax, savings and spending. (more…)
Posted on January 9, 2015 by admin - Uncategorized
The change to residential property Stamp Duty Land Tax (SDLT) announced in the Autumn Statement 2014 will make the process fairer for the majority of homebuyers. The new rules started on 4 December last year, and these changes apply to you if you are buying a home in the UK for over £125,000. (more…)
Posted on January 9, 2015 by admin - Uncategorized
Almost half of British adults (48%) have ‘fibbed’ when it comes to their finances. The research shows that from a given list, Britons would be most likely to tell financial ‘white lies’ to their partner than anyone else (15%), according to a survey from Standard Life. (more…)
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