News

Tax relief on finance costs for residential lets

14 Mar 22

It may come as no surprise to learn that HM Revenue & Customs (HMRC) have started writing to those taxpayers who may have incorrectly completed the property pages on their tax return specifically in relation to the amount of tax relief that can be obtained on residential property finance costs.

The UK subsidiary audit exemption for EEA Parents

8 Nov 21

Are you impacted by the recent Brexit changes to the parent company guarantee audit exemption?

For period’s commencing on or after 1 January 2021, UK subsidiaries of a parent company registered in the European Economic Area (‘EEA’), will no longer be able to take advantage of the parent company guarantee to exempt the UK subsidiary from an audit.

MTD (Making Tax Digital)

29 Oct 21

Further changes are coming…..

Extracting Profits from Companies

28 Oct 21

The well-known routes to take money out of your limited company are by way of salary and dividends.

Time for some business housekeeping?

28 Oct 21

Winter evenings or perhaps hours spent on a tractor can give time for thoughts and discussions regarding business structure and succession planning. The team at Ellacotts collectively have decades of experience in handling transitions in business management and land ownership with our farming and landowning clients.

Furnished holiday lets

3 Oct 21

In the current economic crisis, if you are thinking about how you can improve your household income, you may wish to consider a furnished holiday let (FHL).

Education costs and how grandparents could help

20 Sep 21

With the start of the new school year fast approaching, and for those who have chosen a private education for their children, the significant costs involved can be a great expense for many people.