An outline of the April 2019 loan charge
Introduction - Disguised remuneration April 2019 loan charge Historically, many firms entered into planning that essentially were arrangements which allowed a company to reward its employees via a loan made [...]
Investing in Kenya: Tax Laws
The author of this article, Linsey Mulure, has recently joined Enterprise Tax Consultants having relocated to the UK from Kenya. She has over 6 years of experience in tax gained [...]
Top ten types of tax structures
Introduction - top ten types of tax structures The UK has a myriad of different types of tax structures. These are invariably taxed in different ways meaning it may be more [...]
Am I UK tax resident?
A person’s residence status – and specifically for the purposes of this article, whether they are UK tax resident - is incredibly important. It determines what taxes are payable and [...]
UK Business Structures and Tax Implications
While this is an article about the different types of UK business structures and their tax implications - a word of caution: one shouldn't put the cart before the horse and [...]
Property Disposal Tax – What Reliefs are Available?
You may have to pay capital gains tax if you make a profit on the disposal of a property. However, property disposal tax reliefs may be available, especially if the [...]
Is there Capital Gains Tax on Inherited Property?
Death is not an occasion of charge for capital gains tax purposes. Consequently, there is no capital gains tax on inherited property on death. If the value of the estate [...]
Taxes for Expats – A Guide
Taxes for expats arise from UK income even if you live abroad. It is a common misconception of British expats when they first leave the UK is that they immediately [...]
What is the Inheritance Tax on Property?
Inheritance tax is a tax on the money, property and other assets (known collectively as the "estate") left by an individual who has died. It may also be payable on [...]
Non Resident Landlord Form – What You Need to Know
What are the various types of non resident landlord form and how should they be used? Letting agents and tenants will have numerous obligations in relation to deducting tax from rental [...]
Non Resident Landlord Scheme – Summary
The non resident landlord scheme prevents non resident landlords from paying tax on the rental profits of their UK property, whether they refrain from doing so by intention or the [...]
Annual Tax on Enveloped Dwellings – A Guide
Annual Tax on Enveloped Dwellings (ATED) is an annual tax charge, which is levied on high value residential properties ("dwellings") held by certain non-natural persons (i.e. held within a so-called [...]
Paying Taxes Abroad – What You Need to Consider!
It is not uncommon for people to move at least once during their lifetime or to work in several jurisdictions other than the country they would call home which can [...]
The General Anti-Abuse Rule: What’s the point?
The General Anti-Abuse Rule ("GAAR") first came into effect in July 2013 on the passing into law of that year’s Finance Act, introduced by George Osborne, the then Chancellor in [...]
Failure to Prevent Tax Evasion
The regulations providing for the commencement date for the new corporate criminal offences of failure to prevent tax evasion were introduced on 12 July 2017. These new offences are contained in [...]
R&D: The Tax Relief Designed to Bolster the Economy
“Productivity is the challenge of our time. It is what makes nations stronger and families richer. Growth comes from higher productivity” – George Osbourne 2015. If the UK was as [...]
The Multiplication Game : ‘Accidental Landlords’ and Inheritance Tax Receipts
Accidental landlords and Inheritance Tax Among the vast array of different types of taxation, there are few which tend to stir such strong emotions as Inheritance Tax. Those who object [...]
Failure to make correct enquiries prevents HMRC from collecting tax in tax avoidance case
Derry v HMRC The Court of Appeal handed down its judgement in the case of R on the application of Derry v HMRC on 20 June. It is a case [...]
Over the top tackle? Tax’s role as carrot and stick
If you’ve paid even passing attention to print and broadcast media over the last few weeks, you will perhaps be aware that we are currently in close season for many [...]