Property uplift available for those who leave the UK
2nd September 2024 | Posted in Articles, Budget, Capital Gains Tax by Michael Hodgson
After just over 50 days of a new Labour government, the early warning sirens are already ringing for many UK tax…
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What’s so bad about bridging loans in a section 162 incorporation?
26th July 2024 | Posted in Articles, Capital Gains Tax by Andrew Marr
The use of bridging loans in a section 162 incorporation have recently incurred the wrath of tax blogger, Dan Neidle (famous…
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Double trouble when winding down unwanted offshore property structures
5th April 2024 | Posted in Articles, Capital Gains Tax by Andrew Marr
It used to be common practice for non-domiciled individuals to hold UK residential property through an offshore company. That way, a…
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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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Partnership transfers on death and capital gains tax
14th July 2023 | Posted in Articles, Capital Gains Tax by Andrew Marr
Generally, when a person dies leaving assets, their beneficiaries will benefit from a market value uplift for capital gains tax purposes….
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How spouses can super-charge the chattel rules
29th June 2023 | Posted in Articles, Capital Gains Tax by Andrew Marr
The issue There are special capital gains tax rules for tangible moveable property (chattels) which can include a wide variety of…
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The correct way to deal with directors’ loan accounts when selling a company
5th June 2023 | Posted in Articles, Capital Gains Tax by Andrew Marr
The issue It is fairly common for director shareholders to build up overdrawn directors’ loan accounts in their companies. If these…
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What is the deadline for transactions in securities legislation?
30th May 2023 | Posted in Articles, Business Asset Disposal Relief, Capital Gains Tax by Andrew Marr
The issue Transactions in securities legislation (TISL) has been around for a while. In very broad terms it allows HMRC to…
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How to avoid 60-day capital gains tax (‘CGT’) reporting on UK residential property
28th April 2023 | Posted in Articles, Capital Gains Tax by Tom Minnikin
The issue On 6 April 2020 HMRC introduced a new reporting requirement for individuals disposing of UK residential property. This involved…
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