How to save tax on rental income with careful tax planning
How to save tax on rental income with careful tax planning Whether letting out one property or a hundred, individuals operating a home rental business have to pay tax on rental income received. This is 20% for basic rate taxpayers, and 40% tax if you fall into the higher rate tax band. Furthermore, with recent changes […]
Are you ready for making tax digital (MTD)?
Are you ready for making tax digital (MTD)? MTD is a new government initiative being introduced from 01 April 2019. It is aimed at streamlining the tax returns and taxation process by making all taxpayers’ records digital and online. HMRC is slowly moving to a system where taxpayers will not be able to file online […]
