Don’t forget to transfer the inheritance tax (IHT) nil rate band!
17th September 2021
Posted in Articles, IHT, Inheritance Tax, Trusts and Estates, Non Domicilliaries by Andrew Marr
The issue Since 9 October 2007 the inheritance tax nil rate band can be transferred from one spouse to another. Any…
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Oh no! We now have a 55.5% marginal tax rate!
13th September 2021
Posted in Articles, Capital Gains Tax, Corporation Tax by Phil Skrynski
The issue Attentive readers of Tax Bites may notice that this is a very similar Tax Bite to the one issued…
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Salary Sacrifice – Electric Cars
9th September 2021
Posted in Articles by Phil Skrynski
Our Personal Tax Manager Phil Skrynski hosted our first breakfast seminar of 2021 today, we had a great turn out in…
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A dormant subsidiary can save tax!
3rd September 2021
Posted in Articles by Tom Minnikin
The recent case of M Group Holdings Ltd v HMRC highlights a quirk in the corporation tax rules for companies which…
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Issuing shares to an employee
2nd September 2021
Posted in Articles by Michael Hodgson
The issue Companies will often seek to reward and incentivise employees with shares rather than cash bonuses. Where shares are issued…
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The Prudential case and why it is important for sale and development transactions
17th August 2021
Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
The issue Transactions where developers sell some land to a buyer and then build a property on it, are quite common….
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You may not always want incorporation relief
13th August 2021
Posted in Articles, Capital Gains Tax, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
The issue Property business incorporations continue to be a very topical issue. Landlords are keen to incorporate residential portfolios so as…
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Courts rein in HMRC Follower Notice powers
13th August 2021
Posted in Articles by Andrew Marr
The issue Since 2014 Follower Notices (FNs) have been part of HMRC’s artillery for collecting cash in respect of what they…
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Change in tax basis periods for the self-employed
23rd July 2021
Posted in Articles by Andrew Marr
The issue On 20 July 2021, the government announced a consultation (with draft legislation) for reforming the basis period system for…
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More ways to ‘Skinner’ capital gain
16th July 2021
Posted in Articles, Business Asset Disposal Relief, Capital Gains Tax by Laura Hutchinson
The issue HMRC have recently successfully appealed a decision of the First Tier Tribunal in respect of a trust’s ability to…
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