The impact of VAT and Income Tax on a Landlord’s profits

If you are in the property letting business you might find the following information useful when appraising the cost of building projects, because VAT and Income Tax can make a very significant impact on your profitability. The general rule is that short term ‘net of tax’ costs are lower if expenditure is categorised as being ‘repairs/refurbishments’ related […]

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Gifts from Surplus Income – An Often Overlooked IHT Allowance

While most of us would love to have a higher income, those who are concerned about their Inheritance Tax position may find this more of a headache than a benefit as they see not only their savings increasing but also their eventual tax bill. There is, however, a much under-used Inheritance Tax allowance that permits […]

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