‘Hold-over’ relief is a way of deferring payment of capital gains tax (CGT) on certain assets, including land and buildings used in a business, until ... Continue Reading
If relief for a trading loss is claimed against other income for the current or previous tax year, the claim can be extended by election to capital gains tax if ... Continue Reading
Business Property Relief (BPR) provides full relief from inheritance tax (IHT) and is available for the transfer of certain types of business and business assets ... Continue Reading
Cars do not qualify for the annual investment allowance. However, it is possible to obtain full relief for expenditure on a car in the year of purchase if you buy ... Continue Reading
Many people subscribe for shares in unlisted companies. These can include companies that your friends own. A number of these companies will fail and therefore the ... Continue Reading
There may be times when the owner is prevented from living in his or her main residence for reasons that are not the owner’s by choice. It would be unfair ... Continue Reading
The Seed Enterprise Investment Scheme (SEIS) is designed to help small, early-stage companies to raise equity finance by offering tax reliefs to investors who purchase ... Continue Reading
If a supply is not zero-rated or exempt then by default it will be a standard rate (20%) supply. The main difference between zero-rated and exempt supplies is that ... Continue Reading
If you are a sole trader or in partnership and you use a car, motor cycle or goods vehicle for the purposes of your trade, you can claim a deduction for the costs ... Continue Reading
Surprisingly, many people still die intestate (i.e. without a will).With the ease that wills can now be drafted and the low cost of such services, it makes good ... Continue Reading
