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super deduction on capital allowance

Super Deduction on Capital Allowance

What is Super Deduction On Capital Allowances? During the pandemic period, a few new allowances were introduced in the UK. The aim was to boost the recovery of the business and its activities. One of those newly introduced allowances is the Super Deduction relief. The super deduction enables businesses to invest in qualified, allowance-eligible assets; receiving a much higher tax reduction in the tax year of purchase than it would otherwise. This allowance is applied …

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Top 5 Accounting firms in London UK

Top 5 Accounting firms in London

Top 5 Accounting firms in London Accounting for Small and Medium-sized (SMEs) Firms: Considering the workload of creating a sustainable presence in the market as well as seeking the right sets of skills to ensure a smooth operation of the business can be moderately demanding. In brief, starting a business from scratch can itself be a daunting task! Besides that, there is prominent involvement in monetary affairs- from daily expenses, budgeting, cash flow forecast to …

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Supporting business

Supporting Business Recovery Loan Scheme – From 6 April 2021 the Recovery Loan Scheme will provide lenders with a guarantee of 80% on eligible loans between £25,000 and £10 million to give them confidence in continuing to provide finance to UK businesses. The scheme will be open to all businesses, including those who have already received support under the existing COVID-19 guaranteed loan schemes. Restart Grants – The government will provide ‘Restart Grants’ in England …

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uk supporting jobs

Supporting jobs

Supporting Jobs High-quality traineeships for young people The government will provide an additional £126 million in England for high-quality work placements and training for 16-24-year-olds in the 2021/22 academic year. Employers who provide trainees with work experience will continue to be funded at a rate of £1,000 per trainee. Payments for employers who hire new apprentices – The government will extend and increase the payments made to employers in England who hire new apprentices. Employers who …

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UK housing policy

Housing

Housing Mortgage guarantee scheme – The government will introduce a new mortgage guarantee scheme in April 2021. This scheme will provide a guarantee to lenders across the UK who offer mortgages to people with a deposit of just 5% on homes with a value of up to £600,000. Under the scheme all buyers will have the opportunity to fix their initial mortgage rate for at least five years should they wish to. The scheme, which …

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Capital Gain Tax UK

Capital Gain Tax changes for residential buy to lets Landlords

There are three new tax reforms which were announced in the 2018 Budget and which are due to be introduced on 6th April later this year. The changes could have big implications for landlords and the amount of Capital Gains Tax (CGT) payable if they decide to sell a rented property which they’ve lived in at some point during their ownership. First of all Lettings relief will be limited to properties where the landlord lives …

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