VQOTW: LOCKDOWN, TURNOVER AND DEREGISTRATION

My client is a hairdresser and due to the current Covid-19 pandemic situation, her salon has been closed since mid-March. Prior to that she was VAT registered and significantly above the registration threshold. She has asked whether she can deregister from the...
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...

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