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Tax when selling your home

Tax when selling your home

by | Jun 21, 2024 | Advice

According to HMRC, you would normally have to pay Capital Gains Tax (CGT) on any gain you make if you dispose of: a dwelling house (which can include a house, flat, houseboat or fixed caravan) which is your home; part of a dwelling house which is your home; or part of...
Providing living accommodation to employees

Providing living accommodation to employees

by | Jun 17, 2024 | Advice, General Information

If you provide free accommodation to employees the deemed benefit is taxable, and you will have to pay Class 1A NIC based on the value of the benefit provided. What’s exempt? You will not have to report the cost to HMRC if any of the following apply: If it is domestic...
What are alphabet shares?

What are alphabet shares?

by | Jun 13, 2024 | Advice, General Information

Most small companies are set up with a number of Ordinary shares, let’s say 100 shares in this example. If there are two equal shareholders, John and Mary, they would each receive 50 shares. In most cases, the rights of the ordinary shares – in this 50:50 example...