If, on reviewing your income for any tax year, you find that you have tripped over into the higher rate or gone over £100k and are therefore having some of your personal allowance restricted, then you can consider making charity donations in the following tax year and setting those back against the previous year. For…
You can get up to £1,000 a year in tax-free allowances for property or trading income from 6 April 2017. If you have both types of income, you’ll get a £1,000 allowance for each. For more detail see the HMRC notes
A reminder to higher rate tax payers that tax relief on mortgages taken out to buy residential properties to let will be restricted to basic rate tax relief only. For more details see the HMRC notes. https://www.gov.uk/government/news/changes-to-tax-relief-for-residential-landlords
See CronerTaxwise summary of budget provisions Do let us know if you would like to discuss any particular announcements in more detail.
There are available, for certain types of property, reliefs against business rates. The categories are quite limited but for an overview of the reliefs see the notes available The reliefs fall into the following categories: Small business Rural Charity Enterprise zones Exempted/empty Retail Claims for relief are made to the local council in which the property…