UHY Ross Brooke Chartered Accountants
Many landlords will have seen profits squeezed in recent years. Higher mortgage rates, the restriction on tax relief for finance costs, stagnated personal allowances and tax bands, have all conspired to reduce the net yield for landlords. Some may have chosen to increase rents to cover these costs, but this
We always stress to clients the importance of making a will. This is not only so that assets are left to beneficiaries of one’s own choosing, but also so that other important instructions can be carried out, such as who will administer the estate, who will act as guardian to
You may have noticed in the recent Budget that the Chancellor has announced changes to the rules from April 2025 that will seriously affect the current tax advantages available to qualifying furnished holiday lets. Amongst those changes are: Removal of Business Asset Disposal Relief on capital gains; Profits will no
Business and employees are both constantly looking for ways to optimise their financial strategies. One often overlooked strategy in doing this is salary sacrifice. Salary sacrifice involves an agreement between an employee and their employer to reduce the employee’s salary in exchange for certain non-cash benefits. While it may seem
Multiple Dwellings Relief (MDR) is a stamp duty land tax (SDLT) relief that is currently available if you buy two or more residential properties in a single transaction or a series of linked transactions. It allows the rate of tax to be calculated based on the average value of the
The Charity Commission has published new guidance designed to help charities when they face decisions over whether to refuse or return a donation. Generally, the starting point for a charity is to accept donations given to the charity. However, they are certain circumstances where they must refuse a donation and
With the Spring Budget just recently announced by Chancellor Jeremy Hunt, we have put together a summary to highlight the key points that may affect you and your business. On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a
When it comes to dealing with a death, many of us have already heard of the term “Probate”, but not everyone understands what it means, nor whether it is even needed. By Michael Brooke What is a Grant of Probate? It makes sense to explain first of all what a
The rise of cryptocurrencies and other cryptoassets has presented tax authorities around the world with a new and unique set of challenges. By Phil Kinzett-Evans – Crypto Tax Director The rise of cryptocurrencies presents a new challenge for tax authorities around the world. These challenges include the lack of uniform
Companies House have reviewed the fees they charge and have released details of the new charges that will apply from 1 May 2024. Companies House work on a cost recovery basis, so the fees are set to cover their costs rather than to make a profit. Due to the measures