Entrepreneurs’ Relief – Lessons Learned The Hard Way
Entrepreneurs’ Relief has now been around for 10 years and it is easy to assume that there is nothing left to learn. In this article we consider a couple of [...]
Agricultural Property Relief: Don’t Take It For Granted
Introduction Agricultural property relief (APR) provides a hugely valuable relief from inheritance tax for land used for agriculture. As such the securing and preservation of the availability of the relief [...]
Related Party Transactions – Transfer Pricing Disclosure and Documentation
What is transfer pricing? Transfer pricing is one of the most important issues in international tax. Transfer pricing is the general term for the pricing of cross‐border, intra‐firm transactions between [...]
Furnished holiday lets: the tax position
Furnished holiday lets have long benefited from favourable tax treatment giving them advantages over other property lettings. Furnished holiday lets: the tax advantages Those advantages mean that they are treated [...]
Compliance for Non-Residents Holding a UK Property
The UK’s track record of high returns on investment has always attracted non-resident investors for many years. In addition, with increased global mobility, many of us spend extended periods of [...]
Inheritance Tax and Property-Based Businesses
Most readers will be aware of business property relief (BPR) which provides relief from inheritance tax for ‘relevant business property’. For these purposes relevant business property includes: property consisting of [...]
Catch 22: Company Purchase of Own Shares – Multiple Buy-backs and Entrepreneurs’ Relief
Catch 22: Company purchase of own shares - Multiple buy-backs and Entrepreneurs' Relief In this article we look at a potential issue - the availability of entrepreneurs’ relief (ER) where [...]
Incentivising Staff on Secondment in the UK
Employees are now more open to secondments or relocations as they often see this as a chance to travel and see more of the world. However, the upheaval and disruption [...]
Changes to the Taxation of Termination Payments
Several changes have taken effect from April 2018 altering the taxation of payments in connection with the termination of employment. These changes were introduced with a view to simplify, clarify [...]
COP 8 & COP 9: Bad COP and badder COP
Codes of Practice ("COP") 8 and 9 Background HMRC’s Fraud Investigation Service undertakes the most serious tax investigations. Its investigations will under COP9 or COP 8. COP 9 HMRC undertakes [...]
POTAS: Promoters of Tax Avoidance Schemes
POTAS: Promoters of Tax Avoidance Schemes Background This should not be confused with Donald Trump, who is often referred to as POTUS or President of the United States. That said, [...]
General Anti Abuse Rule (“GAAR”)
GAAR - introduction I would like to make two connections between GAAR and the TV series The Walking Dead. Firstly is, I often find myself thinking that some of the [...]
Serial Tax Avoiders (“STAR”): STAR wars?
Serial Tax Avoiders: STAR Wars? Introduction - a long time ago in a galaxy far, far away If one had the constitution to make it through Star Wars Episode I: [...]
What are the R&D Tax Credit Rates?
Which R&D tax credit rates apply to your business? In a modern economy, many businesses are investing time, effort and money on Research & Development (R&D) to further their trade [...]
IHT Spouse Exemption & Other Inheritance Tax Reliefs
Beyond the IHT spouse exemption – utilising available reliefs to minimise your estate’s tax liability Through Inheritance tax (IHT), the government seeks to tax the transfer of assets and wealth [...]
Research and Development Tax Credits for SMEs
Research and development tax credits are by far the most attractive form of corporation tax relief for SMEs. Despite the potential for lucrative financial benefit, statistics abound that R&D relief [...]
Does your Company Qualify for R&D Tax Credits?
R&D tax credits are theoretically open to companies across all sectors - it's the nature of the innovation rather than the nature of the business which has to meet the [...]
Capital Gains Tax on Bitcoin and other Cryptocurrencies
Do you have to pay Capital Gains Tax on Bitcoin or other cryptocurrencies? Under current UK rules, the general tax position on cryptocurrency is that it is the nature of [...]
HMRC, Bitcoin and other Cryptocurrencies
HMRC's Position on Bitcoin and other Cryptocurrencies Much has happened in the world of cryptocurrency since HMRC published its guidance on Bitcoin in 2014. Since this guidance was published, Bitcoin [...]