Tag Archive for Jane Swain

Curious About Entertainment Tax Rules In The United Kingdom?

Eating out can take several different forms:

  1. Taking clients out for meals
  2. Buying refreshments for yourself
  3. Meeting clients/contacts for coffee
  4. Taking you staff out for meals/down the pub

Unfortunately slightly different tax rules apply to each.

Buying Refreshments For Yourself

The rule here is that if the food/drink is associated with travel then it is allowable. So, if you travel to London and stay the night in a hotel for the purposes of business, your evening meal is subsistence and so is a deductible expense. Read More

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UK Tax: Capital Gains Tax And Housing Information

Your home is exempt from Capital Gains Tax (CGT) when you sell it, In contrast, buy to let properties sold at a profit are liable to CGT. However, in certain circumstances, some or all of the gain on a let property is also tax free. This works best when you let a property which used to be your home, for example you trade up but keep your old house, or a couple move in together and keep both houses, one of which they decide to let. However it can also apply if you acquire a property, let it for a few years and then decide to move into it. Read More

Written by | Posted in TaxConnections