Tax advice

PLANNING TO SELL A PROPERTY IN 2020, YOU SHOULD READ THIS!

Are you selling residential properties in 2020? There are proposed new changes to declaring capital gain on residential property sold from April 2020. These changes will be very massive and would affect individuals selling residential properties. Who will be affected when selling residential properties? People affected by these changes include individual taxpayers, not companies disposing […]
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Good news for business owners

By Ola Sulaimon Ronzl Accountants BUSINESS owners can claim capital allowance on qualifying plants and machinery. The capital allowance gives relief on the cost on qualifying expenditure immediately or over a period of time. Capital allowance, however, is only available to integral features within the building such as lifts, air-conditioning system, electrical system etc. Business […]
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Good news for those looking to acquire

By Ola Sulaimon Ronzl Accountants THERE are different ways that business owners use to expand their business. One such is acquiring a new business, most times the business acquired is usually assets both tangible such as computers, vans, etc. and intangible such as goodwill. Before 1 April this year, the business owners acquiring these items, […]
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