Why a cut in the basic rate of tax could hurt landlords
30th October 2023
Posted in Articles by Andrew Marr
Many landlords have felt somewhat shafted by tax legislation for a while now. The restriction of tax relief on finance costs…
Read more
Maximising Business Asset Disposal Relief – but beware the IHT!
25th September 2023
Posted in Articles by Michelle Hogan
Since the reduction of the lifetime limit to £1 million, for capital gains attracting Business Asset Disposal Relief (BADR), business owners…
Read more
Sugar’s not so sweet tax bill
15th September 2023
Posted in Articles by Michael Hodgson
The Sunday Times recently published an article claiming that Lord Alan Sugar had tried to avoid paying £186m in tax, by…
Read more
Use preference shares to ‘turn on’ BADR for goodwill on incorporation?
11th September 2023
Posted in Articles, Business Asset Disposal Relief by Forbes Dawson
Before changes in the 2015 Finance Act, it was fairly common for sole traders and partnerships to sell their trade and…
Read more
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…
Read more
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…
Read more
Furnished holiday lets and rollover relief
11th August 2022
Posted in Articles, Business Asset Disposal Relief, Business Property Relief by Tom Minnikin
The issue Furnished holiday lets (‘FHLs’) are treated more generously for tax purposes than normal residential buy-to-let properties. Specifically, a FHL…
Read more
Divorce and Capital Gains Tax (Should I stay, or should I go now?)
26th July 2022
Posted in Articles, Capital Gains Tax, Principal Private Residence Relief by Phil Skrynski
As discussed in our Tax Bite of December 2020, it has always been a cruel outcome that divorcing couples who fail…
Read more
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…
Read more
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….
Read more
