ATED return and charge for 2021 Annual Tax on Enveloped Dwellings (ATED) is a yearly tax charge payable by UK resident Companies that hold UK Residential property has a value at more than £500,000. You’ll need to submit an ATED return if the property: Regarded as dwelling, such as house or flat but [...]
SDLT - Stamp Duty Land Tax on UK Property Buying a residential property or transferring all or part of ownership to family member will end up paying stamp duty land tax. However, there is temporary reduced rate for the period of 8th July 2020 until 30th September 2021 any purchase or [...]
LET PROPERRTY CAMPAIGN If you are UK resident and have undisclosed income, then HMRC has introduced the scheme Let property Campaign to help landlords to declare any owed tax through letting out residential and not commercial properties in the UK or overseas to get up to date with their tax affairs [...]
CLAIMING VAT ON BUILDING A NEW HOME You can ask your builder to charge you zero VAT rate, or you can apply for VAT refund on building materials and services if you are. Building a new home or converting one. Building a property for non-profit or for a charity Work for [...]
PRIVATE PENSION CONTRIBUTION FOR DIRECTOR – WHAT MATTERS? A thoughtful consideration is just needed for your pension account as well keeping in mind the most tax-efficient ways available. Private pension contributions are usually tax-free up to certain limits and extend to: Workplace pensions Personal and stakeholder pensions Overseas pension schemes that [...]
IR35 and off-payroll working. What to do from 6 April 2021 if you provide services through an intermediary Before the 6th of April 2021, people who provide their services to a private companies through their Ltd company need to consider whether they are affected by IR35 rules or not. This will [...]
To discuss how Accountants in Slough can assist you with your Accounts Preparation, please contact us for a free, no obligation consultation on: 01753 373 505 or complete our Contact form and we will get back to you.