Taxation News
The recently enhanced Tax Team at Monahans, with their wide ranging knowledge and experience, can proactively advise you in an even wider range of ways than ever before. Here we keep you abreast of news and changes in the world of tax. Visit this section of our web site on a regular basis to discover ways to minimise your tax bill.
31/7/2008 : Rent and Entrepreneurs’ Relief – new Government Amendment which may benefit some taxpayers.
The government have amended the draft Entrepreneurs’ Relief rules to limit the effect of rent paid for using assets.
31/7/2008 : Inheritance Tax – The Transferable Nil Rate Band
The Chancellor, Alistair Darling, announced in his pre-budget report on 9 October 2007 that he was introducing the concept of transferable nil rate bands between spouses/civil partners with immediate effect. Find out what this means.
31/7/2008 : Buy to let residential property – tax can help the investment decision
For many buy-to-let investors, high property prices, rising interest rates, void periods and lower rentals have all meant falling yields, dissuading many potential investors from entering the buy-to-let residential property market. For many property investors though, there is still money to be made.
