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: 23rd Jul 2021
The Academies Trust Handbook (formerly the Academies Financial Handbook) was released in June 2021. The renaming of the handbook reflects the gradual widening of the scope of the…
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….
