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Tax Planning on Property for UK Residents and Non-UK Residents.

The end of March or more specifically the 5th April remains a key tax planning date for UK residents. However, it is also an important time for non-residents who may have rental income from a UK property, because it is the cut-off date to calculate property income profits or losses, explains Peter Mason, from West Midlands Chartered Accountants, Armstrong Chase.

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Dying to write a will
It’s been well noted in the media that some celebrities, such as Barry White, have died without leaving a will, causing a flurry of legal battles between friends and family members. Peter Mason, at Stourbridge based Chartered Accountants Armstrong Chase, explains the importance of making a will, and the implications that can be caused by not having one at all.
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Benefits in Kind
Many businesses in the Midlands have employees who receive benefits in kind, and therefore have to undertake the complicated task of filling out P11 D forms to the Inland Revenue. For some this is not only a job which is time consuming, but also difficult to understand.
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