Tags » Tax Relief

Reverse the planned tax relief restriction on ‘individual’ landlords

We operate as sole traders and incur costs in the course of running our business. The planned restriction will unfairly target us by preventing us from offsetting costs in the same manner as other sole traders. 97 more words

"Tax relief - what are the numbers?" Guest blog from Ralph Frank

The Government has repeatedly expressed its concern, both in the 2015 Budget (paragraph 1.232) and in the recently announced consultation on pensions tax relief, at the level of income tax forgone through the provision of pension tax relief.  646 more words


More Tax for Landlords

The Summer Budget 2015 was not great news for Landlords!

The 10% Wear & Tear allowance will end in April 2016 and landlords will only be able to claim for actual expenditure, this could have a ‘cap’ and restrictions, we await the full details. 42 more words

Bicknell Business Adviser

Would you give your staff a company motorbike?

Motorbikes have a clear tax advantage over company cars because they are classified as plant and machinery. This is better for both employers and employees. 107 more words

Bicknell Business Adviser

Group seeking tax relief for drought stricken livestock producers

Watch above: The federal government is being asked to defer taxes for Saskatchewan ranchers forced to sell their stock because of dry conditions. Meaghan Craig has reaction from the affected groups and the federal minister. 720 more words


Goodwill is not so good for tax

Until the Summer Budget 2015 when you purchased a business (not its shares) into a limited company from an unrelated party you could write off the goodwill (Intangibles) against your corporation tax but that has now changed and you can’t, another tax relief bites the dust! 195 more words

Bicknell Business Adviser

Changes for 'Buy to Let' Landlords

It was announced in the Budget that the government will restrict the amount of income tax relief landlords can claim on residential property mortgage interest costs to the basic rate of income tax. 100 more words

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