The UK prides itself on being an entrepreneurial and business-friendly nation. The tax legislation reflects this by providing for various valuable tax reliefs which encourage this entrepreneurial spirit. One such relief is the ‘substantial shareholding exemption’...
In recent years, various tax changes have been introduced which target residential property owners, particularly those with second homes and/or personally owned property rental businesses. The various measures introduced have served to increase tax rates applicable to...
For those running their trading business through a company, whether it is cheaper in tax terms to finance a car through the company or outside of it, is something which requires careful calculation. In a company, the costs of maintaining the car and an element of its...
Cryptocurrency has entered by public consciousness comparatively recently, but its ongoing growth means business advisers, the general public, investors (and of course HM Revenue and Customs!) now need to take it seriously. Tax Tuesday this week looks at this area,...
Tax Tuesday encapsulates some of the elements and benefits of inheritance tax this week, whilst acknowledging each situation will have its’ own considerations. For inheritance tax purposes there is a generous relief called business property relief (BPR), which can...
As the season of goodwill fast approaches, it is worth reminding ourselves of the tax rules which apply to seasonal gifts and entertainment to staff as a ‘thank you’ for all the hard work put in over the previous 12 months. Tax Tuesday looks at the rules around...
