Sole Ownership Becomes Bad For Tax Purposes
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As of April 6th 2017, sole ownership of rental properties with buy-to-let mortgages will become less attractive than it ever was before. This is because jointly owned property owners can form partnerships and distribute profits in the most effective manner. Furthermore, when * formal partnerships incorporate they can can business incorporation relief to mitigate Stamp… Read more
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Making Tax Returns Digital
Digital Tax: The Government’s “Making Tax Digital” plans mean that they are working towards requiring small businesses and private landlords to submit their tax information quarterly rather than annually with a target of implemented by 2020. However, HMRC has been accused of downplaying the complexity of the move to digital tax, and there are serious […]
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