The Capital Gains Tax (Annual Exempt Amount) Order 2018 sets the annual exempt amount for individuals in 2018/19. What does it mean? When is CGT charged? CGT is charged on any chargeable gains made during the year that are in excess of the annual exempt amount, after losses and reliefs have been applied. However, non-UK … Continue reading 2018/19 capital gains tax annual exemption set at £11,700
The average UK small business spends £5,000 and three working weeks every year on tax compliance, according to the latest report from the Federation of Small Businesses (FSB). Taxing Times highlights the many hurdles small businesses face when trying to pay taxes. Almost half (46%) say determining the tax rates at which they’re required to … Continue reading Small firms urge tax reform as they lose £5,000 and 15 working days a year to compliance
As a property investor or small business, the main changes outlined in the November 2017 are. Prior to the new budget, stamp duty had to be paid on all properties used for residential purposes that cost more than £125,000. The rate started at 2% of the price of the property, but gradually rose along with … Continue reading What the November 2017 Budget means to you.
Vacant Building Credits (VBC) apply to all buildings that have not been abandoned, and that you have not made vacant, that is:- 1. Brought back into use or 2. Demolished to be replaced by a new building. 3. That are commercial to residential conversions The developer receives a credit equivalent to the existing gross floor space … Continue reading What are Vacant Building Credits and how do they benefit you.
The FSB Derby Branch would like to invite you to The Derby Landlord Forum where our guest speakers will update you on the important issues relevant to every existing and budding landlord: Tony Miles of Milestone Management Solutions will look at the Tax implications of being a Landlord and, challenges presented by the recent tax … Continue reading Your invite to the Derby Landlord Forum
Are you in the fortunate position of having cash sitting in the bank, but unhappy because it is earning very little? If this is you then please read on. Our associated companies invest in the property market place, in both Derby and Nottingham, we are looking for seed capital to get projects off the ground, once projects … Continue reading Is your bank account working for you?
Some years ago I was invited to go and see Brad Sugars CEO of Action Coach when he came to Nottingham Arena to give a presentation to business owners. As I remember it is was a great presentation, full of enthusiasm and motivation. Towards the end of the presentation he made the following statement. "Where … Continue reading You are the sum of the people you mix with!
Some tenants treat your property with great care, but some don't, and as the landlord you may be entitled to receive dilapidation payments from the tenant. Given the recent changes to the way that property income and expenditure are treated in your tax return it is extremely important to establish whether this payment is treated as … Continue reading Dilapidation Receipts – Income or Capital?
Are you in the fortunate position of having cash sitting in the bank, but unfortunate because it is earning very little? If this is you then please read on. Our associated companies invest in the property market place, in both Derby and Nottingham, we are looking for seed capital to get projects off the ground, once projects … Continue reading Investment opportunities
The presentation given by Milestone Management Solutions Ltd.'s MD Tony Miles to address the recent changes to property taxation and what it means to you sole Trader and Partnership Property Investors. Personal Tax The current Personal Tax rates are: - Personal Allowance increased to £11,500 – 0% rate - Basic rate limit increased to £45,000 … Continue reading Presentation to Progressive Property Network – Derby on 9th May 2017