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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Maximising Business Asset Disposal Relief – but beware the IHT!
25th September 2023 | Posted in Articles by Michelle Hogan
Since the reduction of the lifetime limit to £1 million, for capital gains attracting Business Asset Disposal Relief (BADR), business owners…
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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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Use preference shares to ‘turn on’ BADR for goodwill on incorporation?
11th September 2023 | Posted in Articles, Business Asset Disposal Relief by Forbes Dawson
Before changes in the 2015 Finance Act, it was fairly common for sole traders and partnerships to sell their trade and…
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Don’t forget about the fiddly bits of holdover relief!
1st September 2023 | Posted in Articles, Business Asset Disposal Relief by Andrew Marr
Apart from assets which are transferred between spouses and civil partners, the default position for capital gains tax purposes is that…
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Should I gift my property to my company?
25th August 2023 | Posted in Articles, Capital Gains Tax, IHT, Inheritance Tax, Trusts and Estates, Private Client, Property Tax, Stamp Duty Land Tax by Tom Minnikin
We were having a debate in the office this week about what is the costliest mistake that anyone had come across…
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Is it OK to breach transactions in securities legislation?
21st August 2023 | Posted in Articles, Business Asset Disposal Relief, Capital Gains Tax, Private Client, Tax Risk and Investigations by Andrew Marr
Transactions in securities legislation (TISL) has been around for a long time and the legislation has gone through some changes, most…
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VAT recovery on the disposal of a subsidiary?
14th August 2023 | Posted in Articles by Andrew Marr
When a group disposes of a subsidiary it will usually incur significant deal costs in respect of which there is also…
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Can social media influencers have their cake and eat it?
4th August 2023 | Posted in Articles by Tom Minnikin
Did anyone see the Daily Mail news story this week involving Coronation Street actress, Catherine Tyldesley, and a cake shop owner…
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How easy is it to get the IHT exemption for heritage assets?
28th July 2023 | Posted in Articles, IHT by Andrew Marr
Most of you will be familiar with the most common inheritance tax (IHT) relief known as Business Property Relief (BPR). Broadly…
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