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Considering a significant gift?

Considering a significant gift?

by | Jul 25, 2024 | Inheritance Tax

There are special rules concerning the liability to IHT of a transfer made during one’s lifetime. For example, most gifts made during a person's life are not subject to tax at the time of the gift. These lifetime transfers are known as 'potentially...
Thinking of selling your business?

Thinking of selling your business?

by | Jul 25, 2024 | Business

Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership. When the relief if available, Capital Gains Tax (CGT) of 10% is payable in place of the standard rate. This...
Your stake in your business

Your stake in your business

by | Jul 23, 2024 | Business Support

Ever wondered how your stake in your business is represented in your accounts? The answer can be found at the bottom of your balance sheet. Simply put it is the value of your physical business assets less any liabilities; usually described as net assets. But this is...
The ‘fiscal’ goal posts will be moving

The ‘fiscal’ goal posts will be moving

by | Jul 23, 2024 | Miscellaneous

In the coming months we will start to see how our new government intends to change the UK tax rules to further its economic growth agenda. Whatever they decide to do, readers who presently benefit from tax and/or business planning strategies, should be prepared to...