Mike Blackledge (Accountants Ramsey)

Spring Budget 2024, a Budget to lower taxes and achieve higher growth.   The Chancellor has announced that there is good news for the economy, with the Office for Budget Responsibility (OBR) confirming that inflation is currently at 4% and is likely to reduce below the Governments target of 2% in the next few months.…

Thinking of selling your garden? Then make sure you read this…   You may be thinking of selling off some surplus land to a developer. If this is part of your garden, you might be thinking it’s tax free because it’s attached to your home. However, before you agree any sale, it’s important to understand…

Issue 4 of our Property Matters Newsletter is out now!   What to expect from Issue 4: Where Does HMRC Get Information? Types Of Ownership: Property or Land Rent-a-Room Selling Your Garden – Tax Implications     Click here to read our Property Matters Newsletter: Issue 4.     Get In Touch For more information…

Property ownership The way in which jointly held property is owned has tax implications. It will also determine what happens when one of the co-owners passes away.   Joint tenants Where a property is owned as joint tenants, the owners together own all the property equally; together they own the whole rather than each owning…

We all saw the Autumn Statement on 22 November, but the question is, what’s in it for businesses?   This years three words were unsurprisingly Reduce, Cut and Reward, so with inflation reduced, taxes have been cut and there are rewards to hard work.     National Insurance The biggest headlines relate to National Insurance…

Capital allowances can be claimed by landlords’ expenditure on “plant and machinery” which can reduce your profits and indeed create losses, the use of such is not covered here, but they can certainly be very beneficial.   The property in question is important and will determine the allowances that can be claimed and at what…

Plan and reflect or reflect and plan? The first few months of the year generally allow for a reflection on the previous year and then planning ahead for the current year, however planning ahead this year looks like it could be even more difficult than normal.   House prices are growing, albeit slowly, mortgage rates…

The ever-changing farming industry is one that provides a multitude of complexities for accountants and tax advisers, not only from the day to day aspects of the business, but also with the historical family arrangements to the issues of ownership and succession.   With the forthcoming changes to subsidies both in terms of the conditions…

In Jeremy Hunt’s first budget speech he provided a great deal of headline support to UK businesses and concentrated on the letter E with Enterprise, Everywhere, Employment and Education.   It was confirmed that the Corporation Tax rate will rise as previously announced to increase from 1 April 2023 from a rate of 19% to…

The range and location of Whitings LLP clients is vast, and the specialist staff possess and equally vast level of experience, knowledge and expertise. There is, however, one thing each of us has in common, and that is property.   It is hoped that we will provide you with a diverse selection of articles which…