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Archive for February, 2017

Question & Answer time

Q. I have some spare cash earning virtually no interest in the bank and I have decided that I would like to buy a flat for my daughter, who is currently just 16. Am I correct in thinking that she cannot own the property until she is 18? Is there an alternative for ownership? What[…] Read more »

Pleasantly surprising benefit of using the VAT Flat Rate Scheme

Under normal accounting rules there are two methods of dealing with VAT incurred on the purchase of goods which will be put to both business and private use. The primary method of dealing with the input tax is to apportion it at the time of purchase. The second method involves claiming all of the input[…] Read more »

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