TQOTW: QUALIFYING INTEREST RELIEF

TQOTW: QUALIFYING INTEREST RELIEF

If I lend money to my property investment company to purchase a rental property, can I claim income tax relief on the interest I pay on the borrowings to do so? ITA 2007 s392 details the circumstances in which an individual may be eligible for income tax relief in...
CORONAVIRUS SSP & COVID-19

CORONAVIRUS SSP & COVID-19

I have staff off due to coronavirus (COVID-19), what should I pay and what can I reclaim? We are receiving an extremely high number of calls in regards to paying employees statutory sick pay if they are off work due to coronavirus. We have put together a summary of...
TQOTW: CHARITABLE TRUST

TQOTW: CHARITABLE TRUST

The trustees of a charitable trust have advised me that they want to encash an investment bond they hold with an insurance company and have asked me to confirm that no tax is payable. Are they correct? If the investment bond is a UK policy then yes, no additional tax...

Pin It on Pinterest