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Alextra Accountants
Tax-Free Rental Income of £8,500
By making the most of the rent-a-room relief and the £1,000 property income allowances, it is possible to receive tax-free rental income in 2018/19 of £8,500 (while utilising your personal allowance e...
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Alextra Accountants
Christmas Cheer
Moderation in all things is the taxman’s motto when it comes to tax-free Christmas parties. The tax legislation allows employees and their guests to enjoy a Christmas party or similar annual function ...
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Alextra Accountants
No Minimum Period of Occupation Needed for Main Residen...
Main residence relief (private residence relief) protects homeowners from any gains arising on their only or main home. However, there are conditions to be met for the relief to be available. One of t...
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Alextra Accountants
Marriage Allowance
Recent press reports suggested that up to two million couples may be missing out on a valuable tax break – the marriage allowance. The marriage allowance was introduced from 6 April 2015 and allows ce...
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Alextra Accountants
Autumn Budget November 2017
Chancellor Philip Hammond has delivered his first Autumn Budget under the new system he announced this time last year. The aim of the new system is for the Finance Bill, which is normally published af...
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