News from Baxter & Co, Chartered Certified Accountants in Orpington, Kent

Certified Chartered Accountants in Orpington

Are you about to buy a house or flat?

January 20, 2016
Baxter & Co

If you are in the process of, or thinking about, buying a house or flat, then you need to know about this. Just after Christmas the government published the detail of its proposals to levy a supplemental stamp duty land…

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Accountants in Orpington Baxter & Co

The end of capital gains treatment on winding up?

January 13, 2016
Baxter & Co

Following the Autumn Statement the government has published a consultation on company distributions rules, along with proposed draft legislation. The proposed changes will take effect from 6 April 2016. The changes complement the proposed changes to the taxation of dividend…

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Autumn Statement 2015 Summary

November 27, 2015
Baxter & Co

Introduction The headlines, and much of the talk, in the popular press is of the ‘U turn’ on tax credits. And yet George Osborne has managed to stick to his goal of a £10bn surplus by the end of this…

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Autumn Statement 2015

Autumn Statement 2015 Key Tax Points

November 25, 2015
Baxter & Co

Key points Effective immediately These measures come into effect for transactions on and after 25 November 2015: Relieving measure for charities connected to close companies. Where the trustees of the charity hold shares in the close company and the charity…

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Accountant in Kent

Buy to Let – The End of Wear And Tear Allowance

November 13, 2015
Baxter & Co

In our last blog we looked at the changing tax environment for buy to let landlords. One of those changes is the ending of the wear and tear allowance from next April. It is worth spending a few minutes looking…

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The tax raid on buy to let properties

September 8, 2015
Baxter & Co

Our last blog looked at the implications of the new dividend tax whose principal target is owner managed businesses. The other group targeted in the summer budget is residential landlords. Two major changes have been announced. First, the Chancellor announced…

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Eroding the benefit – Changes to the taxation of dividends

August 20, 2015
Baxter & Co

The surprise announcement in the summer budget last month was the introduction of a new tax regime for dividend income from April 2016.  At the time the details were sketchy.  We were told that the current 10% notional tax credit…

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I have a small company, does Auto Enrolment apply to me

I have a small company, does auto enrolment apply to me?

August 10, 2015
Baxter & Co

You may recently have received a letter from the Pension Regulator asking you to nominate a contact for auto enrolment.  But if you are a small company can you get out of auto enrolment? The starting point is that auto…

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Budget opportunities – sharing out the family wealth

July 27, 2015
Baxter & Co

The summer budget a couple of weeks ago included a number of interesting measures.  From a taxation perspective the most far reaching one is probably the proposed change to the taxation of dividend income.  This will have implications for many,…

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The recurring problem of duality: Deductions for business expenses

The recurring problem of duality: Deductions for business expenses

July 7, 2015
Baxter & Co

Trading expenditure whether in a company, sole trader or partnership is only allowed as a deduction if it is incurred ‘wholly & exclusively’ for the purposes of the trade.  The ‘wholly & exclusively’ rule is one of the oldest in…

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