The recent Spring Budget did little to make the life of those letting, buying or selling property any easier. For example: The reduction in the higher rate of CGT on affected property sales from 28% to 24%. The removal of multiple dwellings relief for Stamp Duty Land Tax purposes. These competing changes must make life…
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Stand out from the crowd
It’s interesting to consider the challenges that are plaguing small businesses at present. For example: A frustrating inability to reestablish profit levels to fund investment or to maintain the living standards of employees and shareholders. Cash flow constantly hovering at zero or at overdraft limits. Having to witness the slow decline in profits retained in…
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Child Benefit claw-backs
One of the more impactful changes in the recent budget was the easing of the High Income Child Benefit Charge. Up to 5 April 2024, this has been recovering Child Benefits received by parents if the total income of one or more parent exceeded £50,000. Basically, parents with income between £50,000 to £60,000 have had…
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Save on Easter child-care costs
HM Revenue and Customs (HMRC) issued a press release recently reminding working families to save money on their childcare costs in time for the school holidays by making use of the Tax-free Childcare support. With the Easter break looming, families yet to sign up for Tax-Free Childcare could be missing out on annual savings of…
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