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Pennington Williams Tax News – September 2015

Monthly Tax News – September 2015  TAX RELIEF FOR REPLACING FURNITURE IN LET PROPERTIES The government announced in the Summer Budget that from April 2016, the current 10% Wear and Tear Allowance for furnished lettings will be replaced with a relief that enables all landlords of residential dwelling houses to deduct the costs they actually incur […]

Pennington Williams Tax News – Summer Budget 2015

Monthly Tax News – Summer Budget 2015 NEW “NATIONAL LIVING WAGE” TAX CREDIT CHANGES The most radical announcement by the Chancellor on 8th July was a significant reduction in the amount the government plans to spend on tax credits and other State benefits. At the same time he announced that there would a new national living […]

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