The emergency budget is now well and truly behind us but I have been busy examining my affairs with a toothcomb . I am a buy to let landlord and also have commercial properties .
The Chancellor’s Budget clampdown on tax avoidance looks to punish contractors through extra measures being placed on IR35 and the changes to dividend tax, says Seb Maley of Qdos.
There were several announcements affecting the taxation of income from rental property in the July 2015 Budget.
George Osborne has increased the inheritance tax threshold, allowing £1m homes to be passed down to children after death to be free of tax.
The Chancellor has said the government will raise more than £5bn by tackling tax evasion and “aggressive” tax avoidance.
On Wednesday (8 July) AccountingWEB and BusinessZone will be hosting a live online session throughout the Chancellor's second Budget speech of the year.
AccountingWEB was joined last Monday by a live panel including Rebecca Benneyworth, Steve Checkley
Chancellor Osborne opened a large can of worms with his ‘surprise’ announcement that the annual tax return would be phased out by 2020.