Can a section 455 loan charge be a cheap option?
27th June 2022
Posted in Articles by Andrew Marr
The issue Generally accepted wisdom dictates that directors’ loan accounts need to be repaid within nine months of a company’s year…
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Show all your cards in a tax clearance
20th June 2022
Posted in Articles by Andrew Marr
The issue There are various clearance mechanisms whereby HMRC will provide assurance that they will not impose penal legislation to deny…
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Convert a property to a furnished holiday let?
13th June 2022
Posted in Articles, Business Asset Disposal Relief, Capital Gains Tax by Andrew Marr
The issue Normally a residential rental property would be subject to a 28% capital gains tax (CGT) rate on its disposal….
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Main residence dilemmas in divorce cases
27th May 2022
Posted in Articles, Capital Gains Tax by Andrew Marr
The issue Normal ‘no gain, no loss’ inter-spouse transfer rules still apply in the year that a couple separates. In subsequent…
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A badly structured SPA can harm your capital gains tax position!
20th May 2022
Posted in Articles, Capital Gains Tax by Michael Hodgson
The issue Would you rather sell your company for £8 million with the obligation to repay its £1 million debt, or…
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Inheritance tax – Post-mortem relief for quoted shares
13th May 2022
Posted in Articles, Capital Gains Tax, IHT, Inheritance Tax, Trusts and Estates by Michael Hodgson
The issue With the cost-of-living crisis, the war in Ukraine and the prospect of a global recession, the UK stock markets…
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Are my dividends tax-free now that I am non-UK resident?
6th May 2022
Posted in Articles by Angela Carey
The issue Non-UK resident individuals can choose for their UK sourced investment income, including dividends and interest, to be disregarded for…
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Remember the EMI grant notification deadline
29th April 2022
Posted in Articles by Andrew Marr
The issue Most of you will know about the tax benefits of EMI options. As a quick recap these ‘special’ options…
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Section 455 loan charges in MBOs
28th April 2022
Posted in Articles by Andrew Marr
The issue Many of you will know about the CTA 2010 section 455 charge which kicks in when a company has…
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10% rates of tax on incorporations
8th April 2022
Posted in Articles, Capital Gains Tax by Tom Minnikin
Remember the good old days, a decade ago? Back then, it was possible for business owners operating outside of a limited…
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