Create ‘breathing space’ for section 455 charge
15th December 2023
Posted in Articles by Andrew Marr
Any loans to participators (broadly shareholders) that are outstanding nine months after the year end will be subject to what is…
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Section 455 planning between associated companies
11th December 2023
Posted in Articles by Andrew Marr
It is generally well known that a ‘section 455 charge’ will arise if a loan outstanding to a shareholder remains outstanding…
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Nail down beneficial ownership with a deed of trust
4th December 2023
Posted in Articles by Forbes Dawson
In these times of high house prices and relatively low wages it is not unusual for parents to help out their…
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Failed PET revival for IHT
24th November 2023
Posted in Articles by Andrew Marr
Gifts are generally outside of a person’s estate for inheritance tax (IHT) purposes if that person survives seven years from the…
Read moreAutumn Statement 2023 – Top Ten Main Changes
22nd November 2023
Posted in Articles, Budget by Forbes Dawson
Jeremy Hunt presented his Autumn Statement to Parliament on Wednesday 22nd November 2023. We are pleased to share our usual Top…
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IHT cuts and can they be relied on?
20th November 2023
Posted in Articles, IHT by Andrew Marr
Rumours are flying about in the media around inheritance tax (IHT) cuts which are set to be announced by Jeremy Hunt…
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What happens when partnership profits are not paid?
14th November 2023
Posted in Articles by Andrew Marr
Generally, a partnership return should include the taxable profits of the partnership along with details of how this is allocated to…
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Is a single year of non-residence enough to escape UK tax?
6th November 2023
Posted in Articles by Andrew Marr
Years ago some taxpayers would seek to ‘wash’ out dividends from their companies by becoming non-UK tax resident for a single…
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Why a cut in the basic rate of tax could hurt landlords
30th October 2023
Posted in Articles by Andrew Marr
Many landlords have felt somewhat shafted by tax legislation for a while now. The restriction of tax relief on finance costs…
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Pay fees upfront to take the sting out of private school VAT
20th October 2023
Posted in Articles by Andrew Marr
Once again, we face the prospect of VAT being applied to public school fees, which is currently generally not the case…
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