If used correctly, dividend waivers can be an effective planning tool, particularly where one shareholder is a higher-rate or additional rate taxpayer and others are not. However, several points need careful consideration. When a private limited company is incorporated, it is usual for the issued shares to be created as ordinary shares divided into set […]

A gain on the sale of an investment property, such as a buy-to-let or second home, will be liable to capital gains tax to the extent that it is sheltered by losses or the annual exempt amount. The annual exempt amount is like a personal allowance for capital gains tax purposes and allows individuals to

The trading allowance is a tax relief mechanism that allows individuals to earn up to £1,000 from self-employment or casual services (e.g., gardening, babysitting) without having to pay tax or report it to HMRC. This allowance is also applicable for income from selling items on platforms like eBay and Depop. Key Points of the Trading