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Will I have to pay tax on my state pension?
Q. I am approaching retirement age and I am looking forward to receiving my state pension. Will I have to pay tax on it? A. The state...
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Directors' loans - a reminder of the tax charge
Cash transactions between a director and a personal or family company are recorded through the director's account. At the end of an...
Using the IHT gift exemptions
These days, inheritance tax is often referred to as a voluntary tax, because there are various ways to minimise liability to it, or even...
Transferring your share of property income to your spouse or civil partner
There is an unfounded belief that couples are taxed on rental income received based on their percentage holding of the property. So even...
CGT annual exemption: use it or lose it!
Capital gains tax (CGT) is normally paid when an item is either sold or given away. It is usually paid on profits made by selling various...
How trading as a sole trader stunts the growth of a small business
As things stand, the individual sole trader is currently being taxed equivalent to an employee, and I believe that there is some...
Casual Employees and Employment status
Some employers will be considering taking on extra staff on a 'casual' basis to cover the summer period. There are a few issues which...
Salary, dividend or payment contribution?
When you work for your own company you can decide how much salary to pay yourself, how much to pay into your pension fund, and what...
What are payments on account?
These are part payments for the next year. As when it is due (31st Jan) it is ten months into the next tax year, HMRC ask you to pay half...
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