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No-one wants to pay more tax than they have to and yet most people want to avoid a potentially expensive and time-consuming HMRC enquiry. There are perfectly legitimate ways to order your financial affairs in order to minimise your tax iability. Let us talk you through what might apply to your situation so that you can plan intelligently.
Tax planning has a bad name with the fallout from complex tax schemes but planning to legitimately minimise your tax liability now and in the future is key to managing your prosperity.
Whether it’s claiming all allowable expenses to reduce your taxable profit, using the tax advantages of a limited company, or minimising your personal tax liability with pension contributions or government backed EIS schemes; why would you want to pay more tax than you have to?
Hi, I'm Ian Marlow, and I lead the team at HFM Let's speak about your situation
Tax on a holiday let property is different from a standard property let and it is important to be aware of the issues:
Expenses you can set-off against property rental income will need to follow the usual HMRC ruling that the costs must be incurred wholly and exclusively for...
Automatic tax relief when you sell your home?
It is a commonly held point of view that when you sell your home you won’t pay any...
HFM Tax is one of the very first accountancy firms in London to launch a free mobile App. Our app is packed full of some really useful Tax Tables, Calculators and important dates. Download now.