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KRW Tax Tips

28 May 2015

Use VAT bad debt relief for slow paying customers

on Thursday, 28 May 2015.

For VAT purposes it is possible to claim bad debt relief once a debt is over 6 months overdue, even if you are still pursuing the customer for payment.

In this month’s Tax Tip we look at the VAT bad debt relief rules and how these can be used to minimise the cash flow impact of slow paying customers.


07 May 2015

Rent out your buy to let property via your company to save VAT & Tax

on Thursday, 07 May 2015.

Renting out a residential property is an exempt supply for VAT purposes and therefore it isn’t usually possible to recover VAT on associated expenses.

In this month’s Tax Tip we look at how renting out your property via your company could allow VAT to be recovered and could also save tax too.

29 January 2015

Post-death inheritance tax planning using a deed of variation

on Thursday, 29 January 2015.

Whether a person dies intestate (see Tax News article) or leaves a will, sometimes the way that their estate is distributed can lead to unintended Inheritance Tax consequences.

In this month’s Tax Tip we look at how a deed of variation can be used to change the distribution of a deceased’s person’s estate to mitigate Inheritance Tax.

15 January 2015

Save tax by transferring shares to your children

on Thursday, 15 January 2015.

Transferring shares to your children is caught by anti-avoidance rules which taxes the parents on any dividends paid to the children, and could trigger Capital Gains Tax, but is still worth exploring.

In this month’s Tax Tip we look at the advantages of transferring shares to your children and set out a further tip on the company buying their shares back from them in the future.

 

20 November 2014

Use pension input periods to maximise pension contributions

on Thursday, 20 November 2014.

Under current rules the maximum pension contributions that can be made each year on which tax relief can be obtained is £40,000.

In this month's Tax Tip we look at the annual maximum, the carry forward rules, and how extra relief could be obtained by setting up two schemes with different pension input periods.
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The Mill, Pury Hill Business Park
Alderton Road, Towcester
Northants, NN12 7LS

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