When a loan is taken out with a bank the repayment terms are usually confirmed in a formal loan arrangement. However, if you are a director of your own company and you withdraw monies that are not salary or dividends, then those payments are normally considered a loan even where no formal loan arrangement exists. […]

Generally, when a person sells a home that they have lived in as their main residence, they will not have to pay tax on any gain that has arisen since they purchased the property. This is because of the capital gains main residence exemption which takes the resulting gain outside the capital gains tax charge.

In a climate of interest rate hikes and rising mortgage rates, property investors will want to ensure that they do not miss out on tax relief where it is available. The rules that provide relief for interest and finance costs depend on the type of let, and the rules on traditional residential lettings are now