Income Tax

October 25, 2017

Could you claim a £662 tax refund?

The marriage allowance (MA) allows couples, where one partner does not fully utilise their personal tax allowance, to share a limited amount of the unutilised portion with their spouse. The MA is only available to married couples and those in a civil
October 25, 2017

Options to set off property rental losses

There are different categories of property rental business such as UK property businesses, overseas property businesses, UK furnished holiday businesses and EEA furnished holiday lettings businesses. As a general rule, landlords renting out more
October 18, 2017

What is a ‘K’ tax code?

The letters in an employee’s tax code signify their entitlement (or not) to the annual tax free personal allowance. The tax codes are updated annually, or when an employees circumstances change, and help employer’s work out how much tax to deduct
October 4, 2017

Landlords’ finance charges restrictions

The government’s move to restrict the tax relief landlords receive on finance charges started to take effect from April this year. This is the first year that finance charges are being restricted. The tax relief on mortgage costs used to buy