Q&A on UK Taxation: Holiday Let

Own a property overseas that serves mainly as a summer retreat? Have been considering renting it out for the rest of the season? Or, perhaps, putting it up on Airbnb? Whatever your plan is, it is [...]

personal allowance: 5 things you need to know

Here are five basic facts about personal allowance that any UK tax payer should know.   1. What is a personal allowance? Most people in the UK, be they business owners, employees, or [...]

TAX ALLOWABLE EXPENSES: A GUIDE FOR THE SELF-EMPLOYED

There are many business expenses that you, as a self-employed person, can deduct from your tax bill. Such expenses are known as allowable expenses. They include costs you incur solely for the [...]

CLAIMING UK PERSONAL ALLOWANCE: A GUIDE FOR NON-UK RESIDENTS

In many countries, people on low wages do not pay any income tax. In the UK, tax residents are entitled to what is called personal allowance – a certain amount of money you are allowed to earn in [...]