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…
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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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Maximise rate at which corporate losses are relieved
13th October 2023 | Posted in Articles, Corporation Tax by Andrew Marr
From 1 April 2023 the main rate of corporation tax increased from 19% to 25%. Before this date, all companies paid…
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Portugal’s ‘peri peri’ good tax deal may be closing…
6th October 2023 | Posted in Articles by Angela Carey
One increasingly common way for individuals to limit their tax exposure is for them to go non-resident. Emigration can be particularly…
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Consider using the personal item remittance exemption
29th September 2023 | Posted in Articles by Andrew Marr
The remittance basis of taxation, although its accessibility has been curtailed in recent years, allows certain non-domiciled individuals to only be…
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