All shareholders and directors in privately-owned companies have an interest in how they extract value from their company. Most owner‐managers are broadly aware that there are alternative methods, with differing commercial and taxation consequences, but few owners...
Earlier this summer Tax Tuesday used not one, but two, editions to warn of future tax increases. We make no apologies for returning, an unprecedented third time, to this subject following last weekend’s news that Mr Sunak has three big tax targets already in his...
When it comes to setting up a “buy-to-let” residential property business, we are often asked what the best ownership structure is. The commercial activity is widespread and the taxation features involved are not straightforward, so it is hardly surprising. The...
Tax Tuesday has previously referred to the Family Investment Company (FIC) – a popular ownership vehicle in estate planning and Inheritance Tax management solutions, typically as an alternative to a trust, with a list of compelling advantages. Today, we will...
For just one more edition, Tax Tuesday remains on the somewhat sobering, but nevertheless very important, subject of the public sector finances. Those of our clients and contacts who read the financial press will see daily references to the need for / expectation of...
Fast on the heels of this week’s Tax Tuesday about the deficit and the increase in taxation which is bound to flow to tackle it, we learn that Mr Sunak has asked the Office of Tax Simplification to conduct a review into whether Capital Gains Tax is fit for...
