Personal tax


Because dealing with the Taxman and calculating your own tax can be a nightmare


Order by:
Filter by:
doc
Agreement
Settlement agreementWhen you want to prevent an employee from issuing proceedings in relation to the infringement of their statutory employment rights on termination of their employment, consider going down the settlement agreement route. This is an ... Read more
UPDATED08 Sep 2020
Credits: 1
doc
Checklist
IHT fall in value relief for shares checklistWhere a sale or transfer of shares or other qualifying investments is made within one year of death at a value less than they had for probate, inheritance tax (IHT) can be recalculated using the lower valu... Read more
UPDATED07 Jul 2020
Credits: 1
doc
Checklist
Rent or entrepreneurs' relief checklistIf you personally own property that your company uses for its business, there can be tax advantages to having the company pay you rent. However, doing so can mean a higher capital gains tax bill when you sell it.... Read more
18 May 2020
Credits: 1
doc
Letter
Tax deduction from earnings claimThe general tax and NI exemption for job expenses might not apply if the expense is met directly by the employer. If you wrongly miss expenses off Forms P11D it can land you in trouble with HMRC. What should you be re... Read more
15 Apr 2020
Credits: 1
doc
Policy
Employee homeworking expenses policyThe increasing tendency for individuals to work from home raises the question of which home-related costs can be reimbursed tax free by an employer. So you'll need a company policy making it clear to your employees ... Read more
13 Apr 2020
Credits: 1
doc
Checklist
Self-assessment checklistThe tax return filing deadline is 31 January following the end of each tax year. Use our checklist to reduce the chances of making any errors.Tax returnsSelf-assessment is the current method of reporting your income and capit... Read more
07 Jan 2020
Credits: 1
doc
Letter
Election to opt out of rental cash basisSince 6 April 2017 rental property accounts must be prepared on the cash basis if the total of rents and other income you receive from your properties exceeds £150,000 in a tax year. In some circumstances it m... Read more
29 Aug 2019
Credits: 1
doc
Clause
Employee contract pay in lieu of notice clauseIn the absence of an express payment in lieu of notice clause, you don't have the contractual right to terminate employment summarily upon making such a payment. This doesn't mean you can't do it, but you do... Read more
24 Jun 2019
doc
Letter
Property rental business loss relief claimIndividuals, including members of business partnerships, can claim a deduction in the tax liability on general income where their property rental business has made a loss and all or part of that loss results ... Read more
11 Jun 2019
Credits: 1
doc
Checklist
tax planning checklist 2017/18Each tax year there are a number of tax allowances, exemptions and rate bands which if not utilised are essentially wasted as you cannot carry them forward. We've put together a handy checklist to help you avoid overlookin... Read more
01 Feb 2019
Credits: 1