An inheritance tax exemption that is often overlooked is the exemption for 'normal expenditure out of income'. Where this applies it can lead to amounts paid to family/relative/a trust to be excluded from a deceased's estate when calculating any…
If you own a buy to let property minimising income tax on the rental income will no doubt be a key issue. Given the highest income tax rate is at 45% this can represent a significant reduction in your take home profits. One of the main tax deductions…
Some people seem to think that just because they're conducting their business over the internet as opposed to via a more traditional 'bricks and mortar' set up, they're not subject to UK taxes. Whilst if you're a non resident, trading over the…