Income Tax - Payments on Account - What are they?

When do you have to pay payments on account? Why do you have to pay them? How are they calculated?
In our video today we will be answering this sometimes puzzling question:
When do you have to make payments on account?
When are they due to be paid?
What do the payments in account include? Student loan? Capital gains tax?
What if you income is going down? Can you reduce the payments on account?
What if you pay the wrong amounts?
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DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not specific tax advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker. Making decisions on your tax position and investment decision is your own and appropriate specific targeted advice from a qualified accountant or tax advisor should be sort. The speaker will not be held responsible for any losses or gains based on decisions made following watching this video. Always do your own research and seek advice from an appropriately qualified professional.
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[@user-ms6bm5ll6c]

Hi I hope you're well. I saw a video of yours earlier in regards to selling a residential property that I live in to a LTD company to let out as a buy to let, to then purchase another residential in my sole name. Would you be able to provide advice/services if I was to contact you in this regard? Many thanks.

[@kimberleyshapcottpropertytax]

Yes, absolutely. If you get in touch we can get a date in the diary.