Cryptocurrency has been around for a few years now, and has recently made headlines again with Facebook recently announcing Project Libra. We explore the current tax treatment of crypto in the UK.
We provide an outline of some of the expenses barristers can deduct from their trading income for tax purposes, some expenses that are specifically not allowable, and also provide some further information.
Are you affected by the restriction on mortgage interest relief (aka section 24) on your rental income? Find out how the restriction works, what effect it has and most importantly what can be done to mitigate its impact on your tax liability.
We outline 5 common mistakes people make on their tax returns, so you can avoid making these yourself and ensure that the correct amount of tax ends up getting paid to HM Revenue & Customs (HMRC).