Continuing changes to Buy to Let taxation

Matthew Barrand Mortgages

The changes to how rental income from buy to let  properties continues to evolve and has moved into its next phase. Entry into a new tax year has prompted several  questions from clients, so we thought it would be  wise to recap on how you may be affected. As advised in previous newsletters, the deduction of  finance costs, including mortgage …

Maturing Child Trust funds to retain tax advantaged status

Maturing Child Trust funds to retain tax advantaged status

Matthew Barrand Investment

Maturing Child Trust Funds will keep their tax-advantaged status on maturity under draft regulations that have been published for  consultation. A Child Trust Fund (CTF) is a tax-advantaged  savings account which provides children born between 1 September 2002 and 2 January 2011 with an asset when they reach adulthood. CTFs begin maturing in  September 2020 when  the first children reach 18. Without …

Making the annual allowance work for business owners

Making the annual allowance work for business owners

Matthew Barrand Retirement

Running a successful business is hard work, so it’s  understandable that most entrepreneurs are much  more focussed on the here and now rather than  planning for their retirement. As business fortunes fluctuate, this is where carry  forward can come to the rescue. In more prosperous  years, it allows clients to play ‘catch-up’ by paying  much larger contributions into their pensions …