Tax Insider is a new venture from TaxationWeb, the UK's leading independent tax portal.
Business Tax Insider
Business Tax Insider
Business Tax Insider - COMING SOON!
Customer Success Stories
My accountant and I need absolutely accurate and the most up-to-date advice that we can possibly get. Time and time again Tax Insider has come up with the goods!
I wholeheartedly recommend the ‘Tax Insider’ to anyone who is interested in legitimately minimising their tax bill.
Dr Bennie Mallett, General Practitioner
I wholeheartedly recommend the ‘Tax Insider’ to anyone who is interested in legitimately minimising their tax bill.
Dr Bennie Mallett, General Practitioner
Business Tax Insider is aimed at business owner. Small, medium or large - it doesn’t matter - this monthly business tax saving magazine will help you to slash your taxes.
- How to Use Dividend Waivers to Save Tax(December 2010)
- How to Save Tax with an ‘EFRBS’(September 2010)
- Tax Savings for Entrepreneurs(September 2010)
- How to Buy the Trade and Assets of a Business Without VAT(August 2010)
- Fighting Property Values with HMRC(August 2010)
- How to Claim Relief for Trading Losses - And Don’t Forget Class 4 NIC!(August 2010)
- A “Business” is Better!(July 2010)
- Non-Dom ‘Loopholes’ – Bringing Money Into The UK Tax Free(July 2010)
- Using Your Own Car for Work(June 2010)
- Tax Relief Boost for Business Owners(May 2010)
- Can I Claim for Expenses Incurred Before Starting Up My Company?(September 2011)
- What Costs are Allowable as Pre-Trading Expenditure?(September 2011)
- Do My Partner and I Have to Split Profits 50:50?(September 2011)
- Am I Eligible for a Tax Refund?(September 2011)
- Can I Use My Daughters’ Personal Allowances?(September 2011)
- Am I Still Liable for Capital Gains Tax or Will I Be Treated Like a Property Trader Who Pays No Capital Gains?(August 2010)
- Will We Pay Tax on Rental Income?(July 2010)
- Do You Pay Tax on Non-Refundable Deposits?(October 2009)
- How Can I Avoid Paying Council Tax on my Empty Property?(September 2009)
- What Costs Can I Claim For?(September 2009)
Can I Use My Daughters’ Personal Allowances?
I have 3 girls over the age of 18 and property income of over £25,000 a year. Is there a way to utilise their personnel allowance as they do help me from time to time in my properties? I was intending to form a limited company and pay them wages via the company - the company to make admin charges to me.
Arthur Weller Replies:
Yes, there is a simple way to utilise their personal allowances: gift to each one of them 1% of your property. Hopefully the maximum amount of capital gain involved will be less than the capital gains annual exemption), so you won't have to pay any capital gains tax on this. If not, do part of the gifting in one tax year, and part in the next - this way you will have two annual exemptions to reduce the capital gain.
Then draw up a written agreement between all four of you that even though the property is owned in the proportion 97:1:1:1, nevertheless the rental income is entitled to be received, and is actually being received, in the proportion 1:33:33:33, or some other proportion that you want. Then make sure that the rental income is paid by the tenant to the four bank accounts in the correct proportions (not all to your bank account as previously).
- Don’t Expect HMRC to Help You(April 2010)
- When to Consider the VAT Flat Rate Scheme(January 2010)
- Transport Capital and VAT Allowances(November 2009)
- How to reclaim VAT (insider tip)(June 2009)
- Are you the “senior accounting officer” of a large company?(May 2009)
- Do you believe in using “green” technology wherever possible?(May 2009)
- HMRC puts live podcasts to help you business(March 2009)
- Claiming the VAT Back on Legal Costs(January 2009)
- Do you have 50 or more employees?(December 2008)
- Who is going to pass on the VAT rate cut?(December 2008)
Reasons to buy
- Very easy to read - written in plain english
- Written by UK leading and practising tax experts
- Guaranteed to minimise or avoid your tax liabilities
- Keeps you up-to-date with changes in tax legislation
- One month free trial (so you have nothing to lose)
