Tax News

Facts Determine Tax Treatment of Dilapidations PaymentOctober 31, 2017

Virtually all leases have clauses which stipulate that when the lease comes to an end, the tenant must leave the premises in the same condition...

Furnished Holiday Lettings Face Tax AttackOctober 10, 2017

The United Kingdom has very favourable Inheritance Tax (IHT) treatment for the owners of business assets used in a trade and, in general, the value...

No Money a Reasonable Excuse for Not Paying TaxJuly 31, 2017

HM Revenue and Customs (HMRC) are not known for being lenient when it comes to taxpayers who fail to pay taxes, and mere inability to...