Last Chance for Energy Efficient Capital Allowances?

From April 2020 the Enhanced Capital Allowances (ECAs) available on energy and water efficient assets will be withdrawn. Currently, 100% first-year allowances are available on these assets, and where the allowances create a loss, this can be converted into a payable tax credit from HMRC.

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CGT Relief on Homes Slashed

The 2020 Finance Act is set to reduce the scope of the valuable Private Residence Relief (PRR), which prevents Capital Gains Tax (CGT) being charged when you sell your home. From 6 April 2020, the CGT payable on the sale of a residence may increase by up to £11,200 due to a restriction to PPR ‘Letting Relief’.

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Companies House and HMRC Scam Alert

Companies House and HMRC Scam Alert For many years scammers have sent bulk emails pretending to be from H M Revenue & Customs (HMRC). The emails will normally involve a tax rebate or urgent problem which will require you to log into a false HMRC website and provide your bank details and tax reference. Other […]
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