Entrepreneurs’ relief provides relief against capital gains tax on qualifying gains made by an individual on the disposal of all or part of the business, the ... Continue Reading
Capital allowances are treated as part of a trading loss for loss relief purposes, and so care should be taken to determine whether disclaiming these and shrinking ... Continue Reading
How does it work? The beneficiary has the right to receive an income for a defined period from the trust (usually for the remainder of the beneficiary’s ... Continue Reading
The Enterprise Investment Scheme (EIS) is designed to help smaller higher risk companies raise finance by offering a range of tax reliefs to investors.Under the ... Continue Reading
If you are a small business it can be advantageous to join the VAT flat rate scheme for small businesses. Under the scheme you use a flat rate percentage to work ... Continue Reading
Should a property letting business be run by one or more individuals who wish to transfer the property into a limited company then there will be a capital gains ... Continue Reading
There are various ways in which businesses can be structured, and it is important that the structure that is chosen is the right one for the business. There are ... Continue Reading
If your self-employment comes to an end, either naturally or through the decision to incorporate, it pays to be careful as to the date on which you choose to cease ... Continue Reading
The ‘Non-Resident Landlords Scheme’ (NRLS) requires that where there is no UK-based representative/agent, the rent being paid directly to a landlord ... Continue Reading
Tax relief is available for interest on loans where the money borrowed is used for certain qualifying purposes. Buying shares or lending money to a close company ... Continue Reading
