Section 455 loophole closed in the Budget
6th December 2024 | Posted in Articles, Budget by Andrew Marr
A slightly below the radar announcement was made in the 30 October Budget relating to the closure of a loophole in…
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The new allure of EIS for members of pension schemes
29th November 2024 | Posted in Articles by Forbes Dawson
It is now almost old news that from 6 April 2027, pension schemes will be subject to inheritance tax (IHT). After…
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Pension IHT advantages of going to Dubai to die
22nd November 2024 | Posted in Articles by Andrew Marr
Despite the rather flippant title, we are tentatively considering a rather extreme tax planning option to combat the high effective tax…
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Don’t give up on EMI schemes too quickly!
15th November 2024 | Posted in Articles by Adam Sutton
Enterprise Management Incentive (EMI) schemes provide a tax efficient way of incentivising key employees with share-based rewards. Typically, an EMI scheme…
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Death to inheritance tax (reliefs)
8th November 2024 | Posted in Articles, IHT, Inheritance Tax, Trusts and Estates by Forbes Dawson
With more drama than the TV show Succession in last week’s Budget, the introduction of a reduction to Business Property Relief…
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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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