Consider a negligible value claim
20th September 2022
Posted in Articles by Andrew Marr
The issue In cases where an asset is lost, destroyed or becomes of ‘negligible value’ it is possible to claim a…
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Avoid the 15% SDLT trap!
12th September 2022
Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
The issue Since 2012 there has been a punitive 15% flat rate of SDLT on the acquisition of certain properties by…
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Post(!) deathbed tax planning – Transfers between spouses with a domicile mismatch
2nd September 2022
Posted in Articles, IHT, Inheritance Tax, Trusts and Estates, Non Domicilliaries by Adam Sedgwick
The issue Transfers of assets between UK domiciled spouses are always exempt for IHT purposes. However, where the donor spouse is…
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GDPR Tax credit?
30th August 2022
Posted in Articles by Andrew Marr
The issue Some of our corporate clients are being presented with a ‘tax planning idea’ which goes something along the following…
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PAYE on employee shares
19th August 2022
Posted in Articles by Michael Hodgson
The issue Usually, when employees are awarded shares, they will have to assess themselves to tax on any value that they…
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Investment company switch could save inheritance tax
12th August 2022
Posted in Articles, IHT by Andrew Marr
The issue Shares in investment companies are generally subject to inheritance tax (IHT) when the shareholder dies. This position can be…
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Furnished holiday lets and rollover relief
11th August 2022
Posted in Articles, Business Asset Disposal Relief, Business Property Relief by Tom Minnikin
The issue Furnished holiday lets (‘FHLs’) are treated more generously for tax purposes than normal residential buy-to-let properties. Specifically, a FHL…
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1 September 2022 trust registration deadline looms
29th July 2022
Posted in Articles, Trusts and Estates by Andrew Marr
The issue With the exciting announcement of a new Prime Minister just around the corner, you could be forgiven for forgetting…
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Divorce and Capital Gains Tax (Should I stay, or should I go now?)
26th July 2022
Posted in Articles, Capital Gains Tax, Principal Private Residence Relief by Phil Skrynski
As discussed in our Tax Bite of December 2020, it has always been a cruel outcome that divorcing couples who fail…
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Linked transactions can save stamp duty land tax (SDLT)
15th July 2022
Posted in Articles, Stamp Duty Land Tax by Andrew Marr
The issue In general, SDLT linked transactions rules were introduced to stop a purchaser paying too little SDLT. Without these rules…
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