Do you want to ensure you don't pay more to the taxman than you should? Yes, of course you do! But it’s not always easy to know for sure what expenses are allowable. Even if you pass information to your accountant to prepare your tax returns your accountant can only prepare figures based on the information you have given. If there is an expense which could have been deducted and you didn’t know, you are then relying on your accountant to realise you have incurred this expenses and to ask you for the details. Do you want to leave this to chance? A one-hour meeting with a tax adviser could cost anything from £150 to £250. That’s a fair sum to pay to be given enough details for you to know what receipts and payments you need to pass over to your tax adviser. Alternatively you may want to sit and read The Inland Revenue’s Guides. But if you have a specific question, how long might it take to get your specific answer? Is there an alternative? Yes, register for your place on my tax teleseminar: “Property Tax: Do you want to pay more to the taxman than you should?”
What does it cover? This seminar will run for 1 hour and will cover the following topics: - What income is taxable
- What expenses are allowable
- The position regarding mortgage interest if you increase your residential mortgage as part of the funding of the property
- The difference between capital expenditure (non allowable) and revenue expenditure (allowable)
- What happens if you make an income tax loss
- Tax implications when you sell a property investment
- The tax benefits to letting out your main residence
- What happens if you make a tax loss on selling
- Tax saving tips and advice
Who is giving the advice? I will be asking a series of questions to Karen Blackie of Osbornes Accountants Limited, who are based in Kingston upon Thames, Surrey. Osbornes pride themselves on their ability to have a close relationship with all their clients and therefore become proactive in their business activities, in particular as far as tax planning is concerned. Their clients range from sole traders and individuals to multi million pound turnover PLCs.
The live teleseminar has already happened. However, please sign up below* for a copy of the recording and the transcription for only £24.97.
and could save you many £££s in tax
*You will be added to the Mary Waring Newsletter mailing list when you sign up. |