Knowledge Base.

2020 has been a black swan of a year, so far.  Things are looking up, lockdown is easing, the health crisis seems like it’s under control and the economy is moving again, to a degree. There are many reasons to be positive and yet the consequences of what we’ve already been through will cast a […]

 An article relevant to 2020/21 Income Tax Calculator You can work out your income tax liability using the free income tax calculator. How much can I earn before I pay tax? Per the HMRC guidance, you will see that UK citizens and UK residence (not using the remittance basis) can earn up to £12,500 […]

Article relevant to the tax year 2020/21 You may be interested in our main article “buy to let tax for UK landlords”. This article discusses all the different types of tax that you need to be aware of as a UK landlord. What is a private limited company? – Limited Liability Company also is known […]

Working from an office in your home tax allowance You may be able to secure tax deductions and tax reliefs if you are required to work from home. Please note that you will not be able to claim tax back from working from home if you have a choice to work from home. The rule […]

 Article relevant to the tax year 2020/21 VAT rate reduced from 20% to 5% for the hospitality industry As part of Rishi Sunak’s mini-budget announcement from 8th July 2020, he announced a number of initiatives to promote the UK economy. One of the things that Rishi Sunak announced was the 0% Stamp Duty Land […]

Article relevant to the tax year 2020/21 Stamp Duty Land Tax Holiday You may be interested in our main article “buy to let tax for UK landlords”. This article discusses all the different types of tax that you need to be aware of as a UK landlord. We have written an article that shows what […]

 Article relevant to the tax year 2020/21 Should you purchase buy to let properties in a limited company? The sole aim of this article is to understand the pros and the cons of using a limited company as a UK landlord. You may be interested in our main article “buy to let tax for […]

 Article relevant to 2020/21 Why do people use a limited company? You may be interested in our main article “buy to let tax for UK landlords”. This article discusses all the different types of tax that you need to be aware of as a UK landlord. You may also be interested in reasons why […]