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...
by DEB Chartered Accountants | Jul 22, 2013 | Do You Know
Normally expenditure on land and buildings is a capital cost and thus cannot be deducted from income in order to reduce the tax payable on it. However, if the expenditure is on any machinery or equipment, then Capital Allowances can be claimed on such expenditure on...
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