Tax Table 2025
7th November 2024 | Posted in Articles by Forbes Dawson
Following the recent Budget please follow this link to our table summarising the tax rates for the 2025/26 tax year. As ever we…
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The great pension 70.5% tax raid of 2024
1st November 2024 | Posted in Articles by Andrew Marr
When Rachel Reeves casually announced on Wednesday that pensions would be subject to 40% inheritance tax (‘IHT’), I was unsurprised. Currently,…
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Strike off while the iron is hot!
25th October 2024 | Posted in Articles by Tom Minnikin
Prior to 1 March 2012 it was possible to withdraw reserves from a solvent company that had ceased trading prior to…
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What is ‘acceptable’ tax planning for property rich company disposals?
18th October 2024 | Posted in Articles by Andrew Marr
Before 6 April 2019 non-UK resident individuals and companies could generally sell UK companies without having to worry about UK tax…
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Can share cancellation schemes save stamp duty?
11th October 2024 | Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
In its ‘stamp taxes on shares manual’ HMRC has the following to say on ‘cancellation schemes’: Under this scheme, the Court…
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Should non-residential SDLT rates be applied to scruffy dwellings?
7th October 2024 | Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
‘Tax refund outfits’ have been making hay over the last few years. Their ‘game’ works roughly as follows: 1. Sift through Rightmove…
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Can the 30-day bed and breakfasting rule act as a hedge against an increase in capital gains tax?
1st October 2024 | Posted in Articles by Andrew Marr
Before March 1998, ‘bed and breakfasting’ of shares was a generally accepted piece of tax planning. This would work by an…
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Issues with stamp duty land tax (SDLT) on property exchanges
20th September 2024 | Posted in Articles by Andrew Marr
SDLT on property exchanges can be quite complicated, although the main principle is fairly easy to understand. For example, if two…
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Treaties can help offshore companies pay tax at less than 25%
13th September 2024 | Posted in Articles by Andrew Marr
From 1 April 2023 the headline rate of UK corporation tax increased from 19% to 25%. However, companies with low profit…
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Maximise your R&D relief claim by changing the year end
9th September 2024 | Posted in Articles, R&D by Michael Hodgson
R&D tax relief rules have seen numerous alterations and changes in recent years. Examples of some of the recent changes to…
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