Tax Archives - Aviatrix Accountancy

The Stamp Duty Land Tax Trap – when do you have to pay it on a property transfer?

Nov 3, 2021 | Tax, Uncategorized

Landlords Losses might not be losses – Avoid the mortgage interest trap

Jul 19, 2021 | Mortgages, Tax

Avoid the mortgage interest trap Historically, Landlords have been able to offset rent income with mortgage interest as a cost. This has often been the difference between a ‘profit for tax’ and a ‘loss on your Self Assessment Return’. Due to...

Consulting with the HMRC – Planning to Help, Helping to Plan

Apr 1, 2021 | Aviation, Tax

Government – more open about reforms and changes All too often small business advisors like myself have to find out about the government’s plans for changes to our tax system, on many aspects.Now however, it appears that they are becoming a little more...

Married Couples Allowance

Feb 17, 2021 | Tax

Will you marry me? Many years ago married couples would be able to share their personal tax allowance, so that if only one of them is working, then they would not lose out as a household. This was stopped some time ago – one criteria was at least one partner in the...

Not allowed to Fly – So a chance to save some Tax

Feb 9, 2021 | Aviation, Tax

General Aviation ‘leisure’ Flying As you may be aware, there has been no General Aviation ‘leisure’ Flying since many areas went into Tier 4 in November, and for everywhere else since full Lockdown again in December. I know many people like me are feeling grounded, so...

‘The Dog Ate my Self Assessment Statement!’ And other great excuses we will lose!

Dec 17, 2020 | Tax

Self Assessment Statement Yes folks it as that time of year again! When all self employed people are trying not to think about the tax returns they still have to file, whilst going out and buying those Christmas presents. Us accountants brace ourselves for the influx...