Articles by Michael Hodgson
Michael is a qualified Chartered Accountant and Chartered Tax Advisor and joined Forbes Dawson as a Tax Manager in 2021. Prior to joining, Michael trained with a local practice before joining the tax advisory team at Haines Watts in Liverpool where he worked on a variety of tax advisory projects for owner managed businesses.
+44(0)161 927 3859
michaelh@forbesdawson.co.uk
Sugar’s not so sweet tax bill
15th September 2023
Posted in Articles by Michael Hodgson
The Sunday Times recently published an article claiming that Lord Alan Sugar had tried to avoid paying £186m in tax, by…
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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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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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A badly structured SPA can harm your capital gains tax position!
20th May 2022
Posted in Articles, Capital Gains Tax by Michael Hodgson
The issue Would you rather sell your company for £8 million with the obligation to repay its £1 million debt, or…
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Inheritance tax – Post-mortem relief for quoted shares
13th May 2022
Posted in Articles, Capital Gains Tax, IHT, Inheritance Tax, Trusts and Estates by Michael Hodgson
The issue With the cost-of-living crisis, the war in Ukraine and the prospect of a global recession, the UK stock markets…
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Residential rates for non-PPR gains?
18th March 2022
Posted in Articles, Capital Gains Tax, Principal Private Residence Relief, Stamp Duty, Stamp Duty Land Tax by Michael Hodgson
The issue Generally speaking, where a property has been an individual’s main residence, then its disposal will attract Principal Private Residence…
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Business property relief (BPR) and the ‘binding contract trap’
21st January 2022
Posted in Articles, IHT, Inheritance Tax, Trusts and Estates by Michael Hodgson
The issue BPR is an important inheritance tax (‘IHT’) relief which many business owners will rely on as part of their…
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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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Why are holding company tax clearances being denied?
7th May 2021
Posted in Articles by Michael Hodgson
The issue HMRC have been taking a particularly hardline view on what transactions they consider to be carried out for bona…
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