by DEB Chartered Accountants | Jul 26, 2013 | Do You Know
If you incur expenditure on a property that you let, then this is tax deductible. Generally, a repair is something that puts to right something that has been damaged or does not work correctly. A repair simply restored the situation to what it was before without the...
by DEB Chartered Accountants | Jul 24, 2013 | Do You Know
You can only claim tax relief on business journeys and not on ordinary commuting. Ordinary commuting is travel between your home and your permanent workplace. This usually is the place where you work. However, you can claim for travel between two workplaces, say...
by DEB Chartered Accountants | Jul 24, 2013 | Do You Know
The sale of property usually gives rise to a possible Capital Gains Tax liability. However, perhaps one on the most important tax reliefs for most people is the Private Residence Relief. There is no charge to CGT where the property that you have disposed of is you...
by DEB Chartered Accountants | Jul 23, 2013 | Do You Know
If you sell certain assets used in a trade this may give rise to a Capital Gains Tax liability. However there is a relief that is available to reduce the amount payable so long as the sale proceeds are reinvested in replacement business assets. Where the whole of...
by DEB Chartered Accountants | Jul 23, 2013 | Do You Know
Any expenditure on integral features within a building has to be included in a separate pool upon which only 8{af331c3cb52abe27a47f1f5b71fb5068c938efb8d5a4e6cddc7f2780f48bb99c} Writing Down Allowance is obtained, rather than at the rate of...
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