In this month’s Any Answers Answered video series on AccountingWEB, Giles Mooney and Tim Good tackle two recent questions on dividend vouchers and incorporation of buy to lets.
The questioner points out that now we no longer need to tell people about the credit element of the dividend, do we need to do any paperwork at all?
Tim Good explains that this has been triggered by the recent changes to dividend tax rules and that yes, we still do need dividend vouchers.
Watch the video clip below to find out more.
The second question this month addresses incorporation of rental properties, originally posted by AccountingWEB member danielgricks.
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Tim Good said it very much depends on the circumstances, but added if you are seeking to avoid the restriction in interest tax relief for individuals to just a 20% credit which is being brought in in April 2017, actually if you put the properties into a company and the company pays the interest the effective relief is only going to be at 19%.
Find out more from Good and Mooney:
For the latest episode of TAXtv visit PTP Interactive. TAXtv is a monthly tax update programme available as an annual subscription from £199, (11 issues plus special editions) to view online, download from the internet or watch on DVD.
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