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.
- "Sleeping Partners" - Claiming Back Your Class For Nic!(March 2010)
- A Worthwhile Swap? Benefits and Pitfalls of Salary Sacrifice Arrangements(February 2010)
- VAT Flat Rate Scheme and Reversion to 17.5%(January 2010)
- Small Business Rates Relief and 2010 Revaluation(December 2009)
- Earl of Balfour(November 2009)
- A Better Class of Tax Evasion – the Lichtenstein Disclosure Facility Versus the New Disclosure Opportunity(October 2009)
- When Can You Trust the Taxman’s ‘help’?(June 2009)
- A Capital Idea? The Temporary First Year Allowance for Plant and Machinery.(May 2009)
- How is HMRC’s new system of non-statutory clearances actually working in practice?(April 2009)
- Who Do You Work For? – Employment Status Disputes(March 2009)
- Am I Still Liable for Capital Gains Tax or Will I Be Treated Like a Property Trader Who Pays No Capital Gains?(November 2009)
- Will We Pay Tax on Rental Income?(October 2009)
- 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)
Will We Pay Tax on Rental Income?
My partner, her brother and her sister were left their mother’s house in her will when she passed away.
With the current housing market being as it is they are reluctant to sell and are considering renting out the property, as at the moment the property is standing empty and will be costing them money in council tax etc.
We have been informed the rental value could be around £400 per calendar month. We’re unsure whether we would pay tax on this. All owners of the property are working and pay tax at a lower rate.
Arthur Weller Replies:
The gross annual income from the property will be about £4,800 (£400 * 12), before allowable expenses, like council tax. This is about £1,600 to each partner. After deducting allowable expenses, each partner will pay 20% income tax on the net amount.
- 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)
- Don't forget to reimburse at the new rates for private mileage(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)
