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Tag Archives: week
Tax advice of the week: Use your childcare vouchers
Feb 14, 2011 Print this article If you’re a higher-rate taxpayer (HRT), hurry up and take advantage of childcare vouchers before April 2011, says Moneysavingexpert.com. It’s a government scheme operated through employers that lets you pay for any registered nursery, … Continue reading
Tax advice of the week: Put your holiday home to good use
Jan 28, 2011 Print this article Holiday-home owners should act to avoid missing out on allowances before the end of the tax year on 5 April as this could be their last ever chance to claim, says John Davies of … Continue reading
Tax advice of the week: Build a nest egg with a Junior Isa
Jan 21, 2011 Print this article Junior Individual Savings Accounts (JISAs) are to replace child trust funds (CTFs), which closed to new entrants on 31 December 2010, says Nick Braun in Business Tax Saver. Unlike CTFs, JISAs will not receive … Continue reading
Tax advice of the week: Move to France
Jan 07, 2011 Print this article If your thoughts are turning to emigration during these gloomy times, you may want to add France to your list of possible destinations, says Alexandra Goss in The Sunday Times. President Nicolas Sarkozy recently … Continue reading
Tax advice of the week: Offset your mortgage against inheritance tax
Dec 23, 2010 A growing number of homeowners believe they have found a clever way of avoiding inheritance tax – keeping their mortgage in the hope of offsetting it against their tax bill when they die. Subscriber Only Not … Continue reading
Tax advice of the week: Take your spouse on a business trip
Dec 10, 2010 Print this article If you take a lot of business trips and want to include your spouse or partner, a proportion of their travel costs can probably be claimed back for tax purposes, says Carl Bayley in … Continue reading
Tax advice of the week: Rent a house to students
Dec 03, 2010 Print this article Returns for landlords of student accommodation averaged 13.5% over the last year, according to Knight Frank. And thanks to a shortage of student properties, the trend is likely to continue. Better still, these returns … Continue reading
Tax advice of the week: Take a residence holiday
Nov 29, 2010 Print this article “Temporary non-residence” can cover a fairly brief period but have a “substantial effect” on specific tax liabilities, particularly capital gains tax, says the Schmidt Report. By non-residence we do not mean leaving the UK … Continue reading
Tax advice of the week: Claim back for loss on shares
Nov 19, 2010 Print this article Due to a recent change of heart by the tax office, relating to tax relief for individuals who have made a loss on shares held in a trading company, you may find yourself eligible … Continue reading
Financial happiness could cost as little as
Research from Skipton Building Society has found that the average Brit scores just 4.3 out of ten on the financial happiness scale. This worrying statistic highlights the discontent felt by many Brits who are looking for the best savings rates … Continue reading
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