Self-employed consultant and UK landlord Steve Flew saves lots of time and money thanks to GoSimpleTax 08 Dec 2022 Steve Flew is a self-employed oil-sector consultant who lives in the picturesque village of Boat of Garten in the Scottish Highlands. He’s married to Norwegian wife Maike and they have a small family. “I’m Welsh; originally…
7 sources of income you need to report via a Self Assessment tax return 06 Dec 2022 If you need to file a Self Assessment tax return, you should make sure that you report all sources of taxable income, otherwise there can be serious consequences – especially if you deliberately conceal income. Income,…
How landlords should report Capital Gains Tax 09 Nov 2021 Capital Gains Tax (CGT) is a tax on the profit you make when you sell (“dispose of”) something you owned (an “asset”) which has increased in value. You’re not taxed on how much you receive, just…
What You Need To Know As A Buy-To-Let Landlord In 2020 27 Jul 2020 New tax years often bring changes that will impact those within property investment and how they’re taxed. Buy-to-let landlords this year are currently facing fluctuating property prices and a reduction in their tax relief, as well…
Capital Gains Tax On Personal Possessions Explained 25 Oct 2019 Capital Gains Tax is a tax on the profit made when selling or ‘disposing of’ an asset that has increased in value. For example, you purchase an antique. You then subsequently sell the antique and pay…