What exactly is a distribution?
11th February 2022 | Posted in Articles by Andrew Marr
The issue Company distributions are subject to income tax. They have special rates and from 6 April 2022 these rates will…
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Tax efficient student property
4th February 2022 | Posted in Articles by Andrew Marr
The issue There is an incentive for parents to ‘put’ income into their children’s hands in order to access lower tax…
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HMRC loses transactions in securities case
28th January 2022 | Posted in Articles, Capital Gains Tax by Andrew Marr
The issue Transactions in securities legislation (TISL) is what HMRC uses to combat capital transactions where they think that a shareholder…
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Business property relief (BPR) and the ‘binding contract trap’
21st January 2022 | Posted in Articles, IHT, Inheritance Tax, Trusts and Estates by Michael Hodgson
The issue BPR is an important inheritance tax (‘IHT’) relief which many business owners will rely on as part of their…
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Where are we with holding companies and stamp duty?
14th January 2022 | Posted in Articles, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
The issue It is quite common for shareholders to insert a holding company on top of an existing company by way…
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HMRC’s stamp duty land tax (SDLT) consultation
11th January 2022 | Posted in Articles, Property Tax, Stamp Duty, Stamp Duty Land Tax by Andrew Marr
The issue On 30 November 2021 HMRC published a consultation document which suggests options for changing certain aspects of the current…
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Don’t forget the (Christmas) trivial benefits in kind exemption
20th December 2021 | Posted in Articles by Andrew Marr
The issue There is a general benefit in kind exemption for ‘trivial benefits’ if the following conditions apply: 1. The cost of…
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Gift assets rather than cash to charity
10th December 2021 | Posted in Articles, Corporation Tax by Andrew Marr
The issue With Christmas fast approaching, I thought we would consider the issue of tax-efficient giving to charities. There are reliefs…
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No PPR relief for traders!
3rd December 2021 | Posted in Articles, Capital Gains Tax, Principal Private Residence Relief by Andrew Marr
The issue Principal Private Residence (PPR) relief generally allows taxpayers to keep gains arising on the disposal of a property which…
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Fail to prepare, prepare to fail – BADR
26th November 2021 | Posted in Articles, Business Asset Disposal Relief by Adam Sutton
The issue Most businesses start from humble beginnings and one of the (less exciting) decisions a budding entrepreneur will face is…
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