Watson Knipe Blog

This article updates landlords and property investors about the Renters (Reform) Bill, which was introduced to parliament in May 2023 and is significant legislation that will impact tenants and landlords.

It is important to check how the changes announced in the Spring Budget on 6 March 2024 will affect your personal tax. There are a number of taxes and allowances that are important, such as Tax bands and rates, Personal Allowance, Marriage Allowance, Tax on savings, Tax on dividends, Pension tax limits, Individual Savings Accounts, High-Income Child Benefit Charge and information for Non-UK domiciled individuals.

This article is important for employers and self-employed who want to keep up to date with the changes announced in the Spring Budget on 6 March 2024. There is information about National Insurance Contributions, Employees and NIC, The Self-Employed, National Living Wage and National Minimum Wage, as well as Company cars and vans.

This article gives information about business tax and allowances announced at the Spring Budget on 6 April 2024. This includes Corporation tax rates, Capital allowances, Transfer of assets abroad, Creative Industries, Furnished Holiday Lettings, R&D Relief, Business Rates and Freeports and Investment Zones.

Changes to Capital taxes were announced in the Spring Budget on 6 March 2024. These included changes to Capital Gains Tax rates, CGT annual exemption, Inheritance Tax nil rate bands, as well as modifications to Agricultural Property Relief and Woodlands Relief

Several changes were announced in the Spring Budget announcement on 6 March 2024 that will impact individuals and businesses. These include the VAT registration threshold, Stamp Duty Land Tax Changes, simplification measures, and other tax duties. 

Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’.

There has been a lot of speculation about what will be announced in the Spring Budget on 6 March 2024. This is the final budget for Jeremy Hunt, Chancellor of the Exchequer, to set tax policies that will steer the Conservatives towards the general election.  The assumption is that the Chancellor will focus on areas that may help them with votes.

We have written this article to illustrate how we support our clients who have invested in buy-to-let properties. Often, they find as their portfolio grows, keeping on top of the financial tracing and administration becomes very time-consuming.

Clients often ask us how they can save on their corporation tax. We have written this article to highlight five ways you can do this.

However, there are many other ways as well, which depend on your personal circumstances, so it’s always worth talking to your accountant to check if there is more that you can do to reduce your tax liabilities.

We have collated key dates for businesses, employers, landlords and property investors to help plan for deadlines well in advance.

31 January 2024 was the deadline for submitting the 2022/23 self-assessment tax return. If you did not manage to submit your tax return in time have a read of our blog – Late submission of tax return 2022/23.

Over the past few months, we have helped our clients file their self-assessment tax returns for 2022/23. The deadline for submission and payment was 31 January 2024. We have written this blog to advise anyone who has been unable to submit a tax return or pay their tax bill on time.

If you are a landlord or property investor, keeping up with UK rental market trends helps you assess when it is a good time to build your portfolio. The Zoopla Rental Market Report (December 2023) gives the latest information so far; this blog summarises some key points that will interest you.

To increase business investment, the government has announced a number of measures which could raise around £20 billion per year from businesses in a decade’s time. The changes include:

In the Autumn Budget announced in November 2023 there was an update on tax rates for 2024/25 which will impact on individuals and businesses. This article covers Income Tax Rates and Dividends.

The Chancellor announced major changes to the National Insurance contributions (NICs) system at the Autumn Budget in November 2023.

The government has accepted in full the recommendations of the Low Pay Commission and announced increased rates of the National Living Wage (NLW) and National Minimum Wage (NMW) which will come into force from April 2024.

This article summarises the tax updates announced in the Autumn Budget 2023. These will be of interest to individuals and landlords. This includes Capital Gains Tax, Inheritance Tax, Back to Work Plan, State Benefits, Individual Savings Accounts and Pension Tax Limits.

On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses.

There has been a lot of news recently about the Renters (Reform) Bill and how this will impact landlords. We have summarised some key points that will be of interest to landlords and property investors.

Creating a solid business exit strategy is crucial for any business owner, as it provides a roadmap for exiting the business on your terms and maximising the return on your investment. This article outlines some key factors to consider as part of your business exit strategy.