ilyas Patel, Author at Ilyas Patel Accountants in Preston - Page 12 of 14

Unlocking the Value of Capital Allowances on Fixtures and Fittings The fixtures and fittings within your office, Furnished Holiday Let or commercial property may provide you with invaluable savings that could be used to grow your business. On today’s Tax Tip, find out how to claim capital allowances on fixtures and fittings. The Benefits of

Can You Transfer Property to Limited Company Without Stamp Duty? If you’re considering whether it is wise to transfer property to a limited company, and about the Stamp Duty implications of doing so, read our in-depth explanation. Transferring Property to a Limited Company: Stamp Duty If you want to transfer property to a company, you

Save On Stamp Duty Here’s some cornerstone information you need to know if you’re wanting to save on stamp duty when purchasing property. Strategies to Save Stamp Duty – Introduction Stamp Duty, or Stamp Duty Land Tax (SDLT) is the tax levied on property purchases. What used to be a small annoyance or extra cost

Is It Worth Paying Class 3 Voluntary Contributions? Is it worth paying Class 3 voluntary contributions? On today’s blog, we outline all the intricacies about voluntary National Insurance Contributions (NICs). Is it worth paying voluntary NI contributions? Voluntary contributions help you increase the number of qualifying years for your state pension, however, many situations might’ve

SDLT Relief For Probate Property If you’re a property trader, you may have an advantage when it comes to Stamp Duty exemptions. Let’s take a look at the requirements for Stamp Duty relief on probate property. Stamp Duty on probate property Stamp duty can be quite expensive, often requiring developers to pay an additional 3%

Do Pension Contributions Reduce Your Taxable Income? Did you know that pension contributions will significantly reduce your taxable income? Discover the powerful strategy that could save over 55s a significant amount on their tax bill. Introduction The latest estimates from HMRC and the Office of National Statistics (ONS) reveal a challenging picture for paid employment

Corporate Tax Planning: Extracting Profits As a business owner, extracting profits tax-efficiently requires ideal corporate tax planning. We’ll help you do exactly that in this guide, by helping you become familiar with the aspects you need to keep in mind. Profit extraction The method in which the business is set up will affect how some

Stamp Duty On Commercial Property: What You Need To Know Commercial or ‘non-residential’ property has specific tax rules, as well as exemptions and reliefs which you can apply for. Find out everything you need to know: Rules and regulations If you’re considering purchasing non-residential property, understanding the stamp duty regulations that apply is crucial. Stamp

FIC LLPs (Part Two): Tax-Efficient Investments For Higher Rate Taxpayers In this article, we look more closely at tax-efficient company structures for higher rate taxpayers, namely Family Investment Company LLPs. Tax-efficient investments for higher rate taxpayers: An introduction If you’re a higher-rate taxpayer, you are likely aware of the high tax rates that can apply

Family Investment Company LLP Tax (Part One) Do you know the tax benefits of setting up a Family Investment Company LLP? Find out how it can benefit your business. Family Investment Company vs LLP Tax If you’re seeking to safeguard your wealth, grow your business, and pass it on to your family with lower taxes while