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Tag: Alextra Group

Alextra Accountants
Rent-A-Room: New Restrictions
Rent-a-room relief offers the opportunity to enjoy rental income of up to £7,500 tax-free from letting out a room in your own home. It does not matter whether you own or rent your home; what is import...
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Alextra Accountants
Inheritance Tax And Potentially Exempt Transfers
It is possible to make gifts during your lifetime free of Inheritance Tax (IHT), as long as you live for more than seven years after making the gift. Most lifetime transfers are ‘potentially exempt tr...
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Alextra Accountants
Private Lettings Relief
Lettings relief potentially shelters some of the gain from capital gains tax on the disposal of a property which has been an only or main residence at some point during the period of ownership and whi...
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Alextra Accountants
Claim A Deduction For Work Clothing
Many employees are required to wear a uniform for work. Even where there is no set uniform as such, many employees have clothes that they wear only to work and regard as ‘work clothes’. So, to what ex...
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Alextra Accountants
Is The VAT Flat Rate Scheme For Me?
The VAT flat rate scheme (FRS) is a simplified VAT scheme that enables VAT registered business to work out how much VAT they need to pay over to HMRC by applying a flat-rate percentage to their VAT-in...
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