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Rental Sector Changes...

From April 2016 landlords of furnished properties will be unable to claim the 10% Wear and Tear allowance in arriving at their total taxable rental profits. Currently, the wear and tear allowance can be claimed whether furnishings were actually replaced in the tax year or not.  A new relief is to be introduced which only allows for tax relief to be given against the actual costs incurred...

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Auto Enrolment Factsheet...

Since October 2012 the Government has been putting into action their plans to ensure that individuals save towards their own retirement. The burden of implementing this will fall on the employers. The Pensions Regulator suggests that it can take up to twelve months to prepare for Auto Enrolment. Are you ready?

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