Gifting property – capital tax implications
Date posted: 9th Aug 2021
No one likes the idea of the taxman taking a chunk of their estate when they die, particularly if it will be necessary to sell a much-loved property…
Date posted: 9th Aug 2021
No one likes the idea of the taxman taking a chunk of their estate when they die, particularly if it will be necessary to sell a much-loved property…
Date posted: 9th Aug 2021
VAT registration – what does it mean? If you are trading, then you must register your business for VAT purposes if your VAT taxable turnover (see below for…
Date posted: 9th Aug 2021
Since 6 April 2021 large and medium-sized organisations have had to determine whether or not a worker supplying their services via their own personal service company would be…
Date posted: 9th Aug 2021
Where a company makes a trading loss of no more than £200,000 in an accounting period it is now possible to claim relief for that loss even though…
Date posted: 7th Jul 2021
A limited liability partnership (LLP) is not a partnership but a body corporate with a difference – there are no shareholders or guarantors (as there would be for a company…
Date posted: 7th Jul 2021
For personal and family companies, a tax efficient strategy for extracting profits is to take a small salary and to extract any further funds needed in the form…
Date posted: 7th Jul 2021
There could be a rise in the number of divorces, following recent announcement that the Divorce, Dissolution and Separation Act 2020 will come into force in April 2022….
Date posted: 3rd Jun 2021
A recent case before the tax tribunal has confirmed that all of a company’s shares are ordinary shares except those that carry a fixed rate of return. This…
Date posted: 3rd Jun 2021
When a person passes away, the value of assets in their estate are usually revalued to market value, at the date of death, for capital gains tax purposes….
Date posted: 22nd Mar 2021
As discussed in prior years, we are now entering the annual reporting period for this Annual Tax on Enveloped Dwellings (“ATED”) charge which has a tax, and reporting,…
