In a surprising move, HMRC has kept the official rate of interest (ORI) for employee loans at a mere 2.25% for the 2024/2025 tax year. This presents a unique opportunity for company shareholders, especially when you consider:
Stamp Duty Land Tax (SDLT) is a crucial consideration when purchasing property in the UK. While it may seem complex at first, understanding SDLT can help you make informed decisions and potentially save money, especially when it comes to mixed-use properties.
Whether your business trades as a limited company, partnership or as a self-employed, understanding and utilising available tax relief options can significantly reduce your tax burden and boost your financial health. Tax relief means getting deductions and allowances from HM Revenue and Customs (HMRC) to lower your overall tax bill.