Autumn Budget 2017

Autumn Budget 2017

Prospects for growth, especially for productivity have been downgraded, but the Chancellor was bullish in his forecasts for investment and the Government’s intention to sort out the slow pace of house building in the UK. A few non-tax comments of note were: Unemployment at its lowest rate since 1975. Chancellor is providing an extra £3bn … Read more

The Budget crystal ball

The Budget crystal ball

There is continuing speculation in the financial press about the likely changes that Philip Hammond will introduce in his Budget announcements on 22 November 2017. Politically, he is being encouraged to be radical, to offer more to younger voters. Changes mooted include: Easing the burden of student debt – this may include a one-off write … Read more

Common misconceptions about tax and letting property

Common misconceptions about tax and letting property

HMRC has published a list of popular misconceptions that taxpayers have about letting property. We have listed below a summary of situations where you will need to declare rental earnings to HMRC: If you inherit property and let it out. If you buy a property as an investment and let it out. Divorcing partners, who … Read more