Don’t forget to transfer the inheritance tax (IHT) nil rate band!
17th September 2021 | Posted in Articles, IHT, Inheritance Tax, Trusts and Estates, Non Domicilliaries by Andrew Marr
The issue Since 9 October 2007 the inheritance tax nil rate band can be transferred from one spouse to another. Any…
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Oh no! We now have a 55.5% marginal tax rate!
13th September 2021 | Posted in Articles, Capital Gains Tax, Corporation Tax by Phil Skrynski
The issue Attentive readers of Tax Bites may notice that this is a very similar Tax Bite to the one issued…
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Salary Sacrifice – Electric Cars
9th September 2021 | Posted in Articles by Phil Skrynski
Our Personal Tax Manager Phil Skrynski hosted our first breakfast seminar of 2021 today, we had a great turn out in…
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A dormant subsidiary can save tax!
3rd September 2021 | Posted in Articles by Tom Minnikin
The recent case of M Group Holdings Ltd v HMRC highlights a quirk in the corporation tax rules for companies which…
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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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The Prudential case and why it is important for sale and development transactions
17th August 2021 | Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
The issue Transactions where developers sell some land to a buyer and then build a property on it, are quite common….
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You may not always want incorporation relief
13th August 2021 | Posted in Articles, Capital Gains Tax, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
The issue Property business incorporations continue to be a very topical issue. Landlords are keen to incorporate residential portfolios so as…
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Courts rein in HMRC Follower Notice powers
13th August 2021 | Posted in Articles by Andrew Marr
The issue Since 2014 Follower Notices (FNs) have been part of HMRC’s artillery for collecting cash in respect of what they…
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Change in tax basis periods for the self-employed
23rd July 2021 | Posted in Articles by Andrew Marr
The issue On 20 July 2021, the government announced a consultation (with draft legislation) for reforming the basis period system for…
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More ways to ‘Skinner’ capital gain
16th July 2021 | Posted in Articles, Business Asset Disposal Relief, Capital Gains Tax by Laura Hutchinson
The issue HMRC have recently successfully appealed a decision of the First Tier Tribunal in respect of a trust’s ability to…
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