General

Tax Relief for The Expenses of Running a Property Business

Tax Relief for The Expenses of Running a Property Business

In common with other types of business, expenses are unavoidable when running a property business. However, subject to certain conditions, it is possible to obtain tax relief for the expenses of running a property business.   Allowable Expenses The general rule is that a landlord can deduct revenue expenses which are incurred wholly and exclusively

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Pheonix Companies

‘Pheonix Companies’ – Distribution Treated as Income Rather Than a Capital Gain in Certain Conditions

In a private limited company, it is usual for a director to also be a shareholder. Payments made to shareholders are deemed to be income distributions and taxed accordingly. However, payments made to shareholders where the company is being liquidated can be taxed as capital distributions under the Capital Gains Tax (CGT) rules being a

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What is Bacs

What is Bankers’ Automated Clearing Services (Bacs) Payments? The Complete Guide

Have you ever heard about the funds that are possibly being transferred through electronic media? It is quite possible if you are residing in the UK, you can transfer payments from one UK bank account to another bank. Bacs payment is your go-to solution in this regard that ensures bank-to-bank transfer and is commonly used

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what does TUPE mean

Understanding TUPE for Employees when a Company Enters Administration!

Do you look for someone ready to protect the rights of employees, especially during the times when the company decides to enter into administration? TUPE regulations are just the right fix for this cause that can serve employees and their rights. Do you wonder ‘what does TUPE mean’ to be exact? These consequences happen when

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