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Tax relief on qualifying loans can be a valuable tool for business owners. Qualifying interest deductions on loans taken out for business purposes can reduce an individuals’ tax burdens and better manage cash flow.
Where an individual takes out a loan to buy shares in a ‘close...
Navigating the UK tax system can be complex, especially for individuals with multiple income sources, self-employment income, or investments. Many taxpayers either underpay or overpay tax due to incorrect tax codes or missed reliefs. This article provides a practical overview of...