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Tag: Accountancy

Alextra Accountants
Renting Out A Room?
The amount which can be received tax free from renting out a room or rooms in your only or main residential property, is set to increase from £4,250 to £7,500 per year – that’s £625 per month tax free...
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Alextra Accountants
Entrepreneurs’ Relief
Entrepreneurs’ Relief (ER) is a relief for those business owners who dispose of business assets. ER may be due if you dispose of any of the following: • All or part of your business as a sole trader o...
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Alextra Accountants
Why Defer Your State Pension?
From 6 April 2016 a single tier state pension of around £155 per week will replace the current basic state pension of just under £116 per week plus the various additional elements. However if you reac...
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Alextra Accountants
High Income Child Benefit Charges
You may be liable to a tax charge if you, or your partner, have an individual income of more than £50,000 and one of you is receiving Child Benefits. It may also apply if someone else receives Child B...
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Alextra Accountants
HMRC Don’t Yet Have The Power To Raid Taxpayers Bank Ac...
HMRC are seeking the power to recover unpaid tax over £1,000 from taxpayers’ private bank accounts and legislation was originally going to be included in the 2015 Finance Act. However the new measures...
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