Exceptional circumstances in residence test
13th July 2022 | Posted in Articles by Andrew Marr
The issue The statutory residence test (introduced in 2013) is a very scientific way of determining whether a person is UK…
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Overseas holiday homes bought through a company
8th July 2022 | Posted in Articles by Andrew Marr
The issue Generally speaking, it is not advisable to buy property for personal enjoyment through a company. This will usually trigger…
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Can a section 455 loan charge be a cheap option?
27th June 2022 | Posted in Articles by Andrew Marr
The issue Generally accepted wisdom dictates that directors’ loan accounts need to be repaid within nine months of a company’s year…
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Show all your cards in a tax clearance
20th June 2022 | Posted in Articles by Andrew Marr
The issue There are various clearance mechanisms whereby HMRC will provide assurance that they will not impose penal legislation to deny…
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Convert a property to a furnished holiday let?
13th June 2022 | Posted in Articles, Business Asset Disposal Relief, Capital Gains Tax by Andrew Marr
The issue Normally a residential rental property would be subject to a 28% capital gains tax (CGT) rate on its disposal….
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Main residence dilemmas in divorce cases
27th May 2022 | Posted in Articles, Capital Gains Tax by Andrew Marr
The issue Normal ‘no gain, no loss’ inter-spouse transfer rules still apply in the year that a couple separates. In subsequent…
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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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Are my dividends tax-free now that I am non-UK resident?
6th May 2022 | Posted in Articles by Angela Carey
The issue Non-UK resident individuals can choose for their UK sourced investment income, including dividends and interest, to be disregarded for…
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Remember the EMI grant notification deadline
29th April 2022 | Posted in Articles by Andrew Marr
The issue Most of you will know about the tax benefits of EMI options. As a quick recap these ‘special’ options…
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