Month: November 2017

A director has been injured in a car accident. This has made it difficult for him to commute to the office. The company is paying to provide special equipment at home so he can work. Will this count as a taxable benefit in kind? Working from home Working from home is increasingly common these days, and despite the tax system being slow to react to change, there are a few…  Read more

To release capital tied up in a let property you have remortgaged it. In the past HMRC accepted that the interest paid on this type of loan was tax deductible, but it seems to be changing its view. What’s the full story? A matter of interest A change in HMRC’s internal guidance has left tax experts baffled. The trouble relates to a paragraph in HMRC’s business income manual ( BIM45700 ), which…  Read more