When it comes to setting up a “buy-to-let” residential property business, we are often asked what the best ownership structure is. The commercial activity is widespread and the taxation features involved are not straightforward, so it is hardly surprising. The...
Fast on the heels of this week’s Tax Tuesday about the deficit and the increase in taxation which is bound to flow to tackle it, we learn that Mr Sunak has asked the Office of Tax Simplification to conduct a review into whether Capital Gains Tax is fit for...
The immediate challenge facing the world (we don’t need to mention its name) has already had, and may well continue to have, a significantly negative impact upon asset values. We are all are too well aware of this. We hope and believe that this will be a temporary...
We are currently receiving so many enquiries from clients about the merits of providing electric vehicles as “company cars”, that Tax Tuesday feels bound to recap on the irresistible tax incentives involved. Here are the simple abbreviated tax facts. Taxation of...
On the 30th December 2019 HMRC published updated guidance on the subject of company mobile phones provided to employees. Given that this is inevitably a very popular benefit which promises to be free of Income Tax for potentially millions of users, it is highly...
Last week was another in which readers received a Newsletter full of the “t” word, plus copious coverage of all our Political Parties’ fiscal pledges. Tax Tuesday therefore resists a technical offering today. Instead we take you down memory lane with Historical Taxes...
