Feb • Advantages of Furnished Holiday Lettings

Feb • Advantages of Furnished Holiday Lettings

February • #04 Many of the recent changes in the taxation of buy to let rental businesses do not apply to property businesses that qualify as FHL. In particular the restriction on deductibility of finance costs that started to apply from 2016/17 does not apply to...
Feb • Exceeding the Annual Pension Allowance

Feb • Exceeding the Annual Pension Allowance

February • #03 If your pension savings exceed the annual pension input limit (generally £40,000) then there is an annual allowance charge. The effect of the annual allowance charge is to reduce tax relief on any pension saving over the annual allowance. The annual...