Insights

Funds taken out of the company as a loan (i.e. not salary or dividend) that is not repaid within nine months of the end of accounting period will attract a liability to Section...

For cars purchased prior to 6 April 2009 (1 April 2009 for companies), expenditure was required to be allocated to a separate pool for each vehicle costing more than £12,000....

By concession, if a taxpayer incurs capital expenditure on replacing plant or machinery in a trade or a property business, a claim can be made for a deduction for the replacement...

Taxpayers can sometimes overlook the fact that when moving into a new leasehold property and undertaking substantial refurbishment work, they might be inadvertently be entering...