How spouses can super-charge the chattel rules
29th June 2023
Posted in Articles, Capital Gains Tax by Andrew Marr
The issue There are special capital gains tax rules for tangible moveable property (chattels) which can include a wide variety of…
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When is a loan to a participator waived?
22nd June 2023
Posted in Articles by Andrew Marr
The issue Section 455 CTA 2010 is a relatively well-known piece of tax legislation. It aims to apply a ‘temporary’ tax…
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Tax Tribunal rules that a paddock is non-residential for SDLT purposes
12th June 2023
Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
The issue Non-residential stamp duty land tax (SDLT) rates are significantly lower than residential SDLT rates for expensive properties. This leads…
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The correct way to deal with directors’ loan accounts when selling a company
5th June 2023
Posted in Articles, Capital Gains Tax by Andrew Marr
The issue It is fairly common for director shareholders to build up overdrawn directors’ loan accounts in their companies. If these…
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What is the deadline for transactions in securities legislation?
30th May 2023
Posted in Articles, Business Asset Disposal Relief, Capital Gains Tax by Andrew Marr
The issue Transactions in securities legislation (TISL) has been around for a while. In very broad terms it allows HMRC to…
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Have your cake and eat it with rental property transfers
22nd May 2023
Posted in Articles by Andrew Marr
The issue Inheritance tax planning can be a tricky area but, as a starting point, giving assets away to the next…
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Can you avoid UK tax by being non-resident for just a year?
17th May 2023
Posted in Articles by Andrew Marr
The issue We sometimes get asked if it is possible for an individual to break residence for just a year in…
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Pension lifetime allowance charges and whether they will affect you
5th May 2023
Posted in Articles by Michael Hodgson
The issue The removal of lifetime allowance (‘LTA’) charges in pensions means that people can now contribute more into their pension…
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How to avoid 60-day capital gains tax (‘CGT’) reporting on UK residential property
28th April 2023
Posted in Articles, Capital Gains Tax by Tom Minnikin
The issue On 6 April 2020 HMRC introduced a new reporting requirement for individuals disposing of UK residential property. This involved…
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SDLT on six or more properties in linked transactions
26th April 2023
Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
The issue It is generally well understood that SDLT is charged at higher rates for residential property than for non-residential (or…
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