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25 May 2018

Tax-free allowances for trading and property income

New allowances were introduced from the 2017/18 tax year for trading and property income. The availability of these allowances means that those with low levels of trading or property income may not need to report this...

17 May 2018

Jointly-owned property – how is income taxed?

Where property is owned jointly by two or more people, the way in which any income is taxed will depend on the relationship between the owners.

Scenario 1: Joint owners are not married or in a civil partnership

If the property...

10 May 2018

Help to Save

The Help to Save scheme is a Government initiative which is designed to encourage those on low incomes to save. Over 4 years, regular savers can deposit up to £50 a month and could receive up to £1,200 in tax-free bonuses.

Who can benefit?

The Help to Save sc...

3 May 2018

Interest relief for landlords – the next stage

The way in which landlords can obtain relief for interest payments and other finance costs is moving gradually from relief by deduction to relief as a basic rate tax reduction. Where the landlord pays tax at a rate above th...

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