What expenses and deductions are not allowed for foreign rental income? You cannot claim the following against your foreign rental income: pre-letting expenses post-letting expenses capital expenditure or improvement costs the cost of your own labour if you carry out repairs to the property. Travel costs unless the journey is undertaken wholly and exclusively for…
Any tax relief for new start up companies ? If you have started a new company, you may be able to apply for tax relief for start-up companies. This tax relief, also known as Section 486C tax relief, is a reduction of your Corporation Tax (CT) for the first five years you trade. The relief can be…
CGT on sale of property bought between 7 December 2011 and 31 December 2014 You might be due relief on CGT if you dispose of property acquired between 7 December 2011 and 31 December 2014. Property means land or buildings. You may claim the relief in respect of land or buildings in this country or in…
