February 2019

Do you need to keep a mileage log?

What is a mileage log?  If you use a vehicle for the purpose of your business, a mileage deduction is a great way to save a little extra tax. However, HMRC won’t just take your word for it, in order to claim this deduction you need proof. In other words, you need a mileage log.  […]

Is tax relief being cancelled for buy-to-let mortgage interest?

Is tax relief being cancelled for buy-to-let mortgage interest? To put it simply, no. A reduction, not the cancellation, of tax relief is being applied. Who does it apply to?  It applies to those who: let residential property in the UK or elsewhere, and are claiming a deduction for financing costs, and from April 2017, […]

Moulds & Co Ltd 2017