Tax and refurbishing residential properties
Lee Sharpe looks at when tax relief is available for repairs to properties, and particularly when they are first acquired for letting out. As part of your 14-day free trial to our monthly Property Tax...
The Self-Employed and Unincorporated Businesses during coronavirus
In this excerpt from the report ‘COVID-19 Tax Issues For Businesses’, Sarah Bradford gives some advice for employers and employees in this current situation. The Covid-19 pandemic affects ...
Coronavirus Expenses And Benefits: Other Considerations
In this excerpt from the report ‘COVID-19 Tax Issues For Businesses’, Sarah Bradford gives some advice for employers and employees in this current situation. During the Covid-19 pandemic, ...
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Company Directors Tax Tips
Green Homes Grant – All you need to know as a homeowner or a landlord
Lee Sharpe looks at the new Green Homes Grant for English homes. Introduction to the Green Homes Grant Unsurprisingly, the main focus of the Chancellor’s Summer Statement of 8 July 2020 was the ...
Borrowing money to put into a business: Tax planning points
Alan Pink considers some of the ‘wrinkles’ in the rules for loans taken out to invest in a business – and the alternatives that should be considered. For more tax saving tips for com...
CGT: Make it go away!
Mark McLaughlin outlines how a capital gains tax problem for certain individuals can be made to ‘disappear’. When an individual sells shares in (for example) a family company, and the buye...
End of the road: Winding up a property investment company
Lee Sharpe looks at the tax issues to consider when a property investment company has come to the end of its life. This article considers the main tax issues that shareholder/directors should consider...
Family property companies: More than one way to skin a cat?
Alan Pink looks at tax problems with making partial realisations of value from family property companies, and how to mitigate those problems. The family property holding company has always been a popu...
House, garden and grounds: What qualifies for private residence relief?
Sarah Bradford looks at capital gains tax private residence relief and the extent to which it applies to gardens and grounds. Most people assume that if they make a gain on the sale of their main resi...
Unplanned planning! How to benefit from the unanticipated cessation of trading
Iain Rankin looks at some options potentially available to business owners contemplating the cessation of their businesses. The Coronavirus pandemic is encouraging some entrepreneurs to bring forward ...
The ‘tiger’ that (largely) failed to roar!
Kevin Read reviews a recent case dealing with three distinct areas of tax. The owner of Hull City FC, who is perhaps best known for his unsuccessful attempts to change the club’s name to Hull Ti...
Redundancy under the Coronavirus: What are the tax implications?
Jennifer Adams considers the tax rules regarding redundancy payments for employed workers who lose their jobs as a result of the Coronavirus. Despite the support that the government has given business...
Covid-19 Business Tax - Employers and Employees
In this excerpt from the report ‘COVID-19 Tax Issues For Businesses’, Sarah Bradford gives some advice for employers and employees in this current situation. A number of measures were put ...
Unintended tax consequences of BTL partnership changes
Alan Pink looks below the surface of some strange business arrangements, and points to some possible unintended consequences of partnership changes. Buy-to-let (BTL) ‘partnerships’ are pro...
Homeworking expenses for the self-employed: Consider comprehensive claims!
Lee Sharpe looks at the basis of self-employed tax relief for working from home and warns that the standard deductions may not cover the full claim potentially available. Thanks to Covid-19, many more...
Buy-to-let ‘partnerships’
Alan Pink looks below the surface of some strange business arrangements, and points to some possible unintended consequences of partnership changes. Buy-to-let (BTL) ‘partnerships’ are pro...
It’s a wrap! sole traders and unincorporated businesses
Sarah Bradford takes a look at some of the implications of closing your business if you are a sole trader or run an unincorporated business. The Covid-19 pandemic has adversely affected many businesse...
Purchase of own shares: Worth the bother?
Mark McLaughlin considers whether capital gains treatment on a company purchase of its own shares is always the best choice. For individual shareholders of family or owner-managed trading companies, a...
Covid-19: A reason to use the cash basis?
Lee Sharpe admits (grudgingly!) that the cash basis may have a role to play for landlords during the Covid-19 pandemic. But reverting back to generally accepted accounting practice once it has passed ...
It’s over! Stopping your rental business
Meg Saksida covers the issues that need to be considered when ceasing to let out rental properties. Landlords have had a rough ride in recent years. For example, changes in mortgage relief, stamp duty...