personal taxatation Archives - Page 38 of 47 - Whitefield Tax - Isle of Wight Accountants

Summer Budget: tax treatment of interest paid on property income

by Jessica Garbett | Jul 30, 2015 | ACCA, budget, personal taxatation, property taxation

New measure will restrict relief for finance costs on residential properties to the basic rate of income tax. This measure will restrict relief for finance costs on residential properties to the basic rate of income tax and will be introduced over four years from 6...

Subscriptions and flat rate deductions

by Jessica Garbett | Jul 13, 2015 | ACCA, personal taxatation

The list of allowable fees and subscriptions, including journals for professional organisations, has been updated. As a reminder HMRC states that ‘you can reclaim tax you pay on fees or subscriptions to some approved professional organisations – but only if you must...

Summer Budget 2015 (edited)

by Jessica Garbett | Jul 9, 2015 | budget, business taxation, HMRC, personal taxatation

We’ve produced a short summary on the key tax issues from todays budget for a typical Whitefield client, covering: ~ employment allowance ~ IR35 ~ travel and subsistence ~ Corporation Tax and Dividend tax. SummerBudget2015 There are some major changes, but,...

Easy Money – Tax on Savings

by Jessica Garbett | Jul 7, 2015 | personal taxatation, Tax Help for Old People

If your summer holiday is going to cost a fortune, you might be looking for ways to replenish your bank account! Why not check to see if you are eligible for the 0% savings rate on your savings income (interest).It’s quite easy to do. First, look to see; If you are...

P2P bad debt relief

by Jessica Garbett | Jul 6, 2015 | ACCA, business taxation, personal taxatation

If a P2P loan is not repaid, then the loss that the lender suffers on that loan will be set against the income that they receive on other P2P loans before that income is taxed. Legislation is proposed for the Finance Bill 2016, but relief is likely to be available for...

Renting a house when working away from home

by Jessica Garbett | Jun 5, 2015 | business taxation, enquiries and tax disputes, expense payments, penalties, personal taxatation

The existence of HMRC rules around subsistence and accommodation when working away from home are well know, even if people often need to check the detail. A question that arises sometimes is “Can I claim for a house rent/flat rent whilst I am working away from...

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Summer Budget: tax treatment of interest paid on property income

Subscriptions and flat rate deductions

Summer Budget 2015 (edited)

Easy Money – Tax on Savings

P2P bad debt relief

Renting a house when working away from home

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