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...
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...
If you have not done so already, I encourage you to read Andy Key’s guest blog of last week: “A pivotal moment: opportunity or threat”. It was interesting and thought-provoking, and has got me thinking a lot about my own practice as much as it has my clients’...
Tax Tuesday recommends that that now is a surprisingly good time for taxpayers to step back and review their overall tax position. Consider the following 9 reasons why: 1. Your business may never have been under so much pressure 2. You may never have suffered as much...
There are approximately 1.2 million disposals of residential property every year in the UK. The majority of these are the sale of main residence, and therefore have no Capital Gains Tax (CGT) liability. However, if you own a second home or have a buy-to-let property...
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