Splitting rental income between spouses
HMRC is currently paying close attention to how rental income is divided between spouses. Nottingham chartered accountants Clayton & Brewill explains the importance of ensuring the right ownership status for rental properties to avoid falling foul of HMRC. The general rule is that, where rents are received from an asset held in the names of individuals […]
Tax-Free Childcare to launch in early 2017
The government’s Tax-Free Childcare scheme will be launched to parents from early 2017. Clayton & Brewill explain who qualifies and how to claim. Tax-Free Childcare aims to help working parents with the cost of childcare and it will be rolled out gradually from early 2017, with parents of the youngest children able to apply first. […]