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Tax Saving Jointly Held Assets
Property and other types of investments are frequently held jointly by married couples. This is a fertile ground for tax planning, especially when one partner is a higher-rate taxpayer. To make the most of a spouse’s allowance and basic rate income tax bracket, rethink the ownership percentages. This is conventional tax planning, and shifting assets […]
Landlord Data Protection Compliance
Data protection and related standards have gained more attention than ever in recent years, largely due to the EU’s 2016 General Data Protection Regulation (GDPR). GDPR was kept in UK law when Britain exited the EU. It’s a data privacy regulation that controls the processing of personal data from individuals in the UK and offers […]
Upcoming Changes Private Rented Sector
The Renters Reform Bill was initially submitted in December 2019. Last year’s Queen’s Speech pledged a White Paper in Autumn 2021, despite pandemic delays. First to “the new year” and then to “the spring,” but we’ve made progress. A Fairer Private Rented Sector was revealed on June 16. In the notes for this year’s Queen’s […]
Why people become landlords
Renting a property may well be complicated. The question, therefore, becomes: why do people choose to become landlords? Although some people stumble into buy-to-let investing, many others actively seek out such opportunities in search of a second income or as a means of securing their financial future. According to 38% of landlords, renting out property is […]
Why do I need an accountant ?
It certainly is a question that has received a lot of attention. But let’s concentrate on an example. Why would somebody require the services of a medical professional, an engineer, an electrician, or a mechanic? Everything is available at your fingertips in this day and age, thanks to the internet. You only need to google […]