Discharge of a director’s loan account on liquidation is not a write-off!
22nd November 2019
Posted in Articles, Business Tax, Capital Gains Tax by Forbes Dawson
The issue There have been various rumours circulating about a HMRC ‘test case’ with the following key points: A director’s loan…
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Corbyn is in and capital gains tax is 50%!
1st November 2019
Posted in Capital Gains Tax by Forbes Dawson
This is not actually true but read on…… The issue Halloween was yesterday, although the spectre of a Corbyn led hike…
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Don’t lose out on tax relief on loans to companies
21st October 2019
Posted in Articles by Forbes Dawson
The issue Generally if you borrow funds to help out your company then you should be able to benefit from tax…
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Potter case and non-trading activities for Entrepreneurs’ Relief purposes
13th September 2019
Posted in Articles by Forbes Dawson
The issue A key requirement for Entrepreneurs’ Relief (ER) to be available in respect of a share disposal is that the…
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Skinner’s an Entrepreneurs’ Relief winner!
6th September 2019
Posted in Articles, Capital Gains Tax by Forbes Dawson
Background This week we report upon a welcome defeat for HMRC in the case of The Quentin Skinner 2005 Settlement L…
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The 5 April 2019 loan charge and actions required by 1 October 2019
2nd September 2019
Posted in Articles by Forbes Dawson
Breakdown In 2017 the Government legislated to introduce a charge on outstanding loans from EBTs, EFRBS and other ‘disguised remuneration’ schemes. …
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Conveyancers should be careful when providing SDLT ‘advice’
20th August 2019
Posted in Articles, Property Tax, Stamp Duty by Forbes Dawson
The issue Each year hundreds of thousands of house buyers are ‘advised’ on the SDLT that they will need to pay…
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Use or lose the structures and buildings allowance
3rd May 2019
Posted in Articles, Capital Allowances, Corporation Tax, Featured Articles, Property Tax by Forbes Dawson
The issue A longstanding frustration of businesses is that most capital expenditure on commercial buildings does not benefit from capital allowances…
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Is Lorraine Kelly a tax avoider or a celebrity scapegoat?
29th March 2019
Posted in Articles, Featured Articles, Tax Risk and Investigations by Forbes Dawson
The papers have recently been rife with stories of how TV presenter, Lorraine Kelly, won an appeal at a First Tier…
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Year-end tax planning 2019 – reducing your tax bill
28th March 2019
Posted in Articles, Featured Articles, Private Client by Forbes Dawson
With the end of the 2018/19 tax year a little over a week away, the period leading up to 5 April…
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