S R Lynn & Co·Blog

Income sharing trouble for separated couple

After a couple separated one spouse received income from letting the property she jointly owned with her estranged spouse. HMRC taxed all the income on her. Was it right to do so or should her spouse have been taxed on half the income?

Articles

Need extra cash? Borrow from your company tax free

15th December 2024 by Joanne Stoneman

As a company owner manager if you borrow cash from your company HMRC applies tax charges on you and your business. However, it’s possible to legitimately avoid these and benefit from a tax-free loan indefinitely. What’s involved?

Tax and building a workspace at home

11th December 2024 by Joanne Stoneman

Antonia is a self-employed childminder. She’s having an extension built on her home in which she’ll run her business. Is she is entitled to a tax deduction for any of the construction costs?

BADR - is there a problem for cash-rich companies?

8th December 2024 by Joanne Stoneman

Your company ceased trading several months back and you’re about to wind it up. The trouble is it has substantial cash investments. Will this affect your entitlement to business asset disposal relief (BADR)?

Showing Articles 64 - 66 of 227 Articles