Entrepreneurs’ relief is available to sole traders or partners selling or giving away all or part of their business. It is a capital gains relief and is also available to company directors and employees having 5% or more shareholding. If you are eligible for ER, you’ll pay tax at 10% on all gains

Inheritance Tax planning is often something which people put off. However, it’s important to understand the tax allowances and reliefs for Inheritance Tax purposes in order to take advantage of:

• the short term opportunity of using your annual allowances (available on a “use it or lose it” basis)

In our last post, we looked at the essentials of the new MTD for VAT regime, so in this post, we’re going to take a closer look at the provisions for keeping digital records.

All VAT registered businesses must keep and preserve certain records and accounts.  Under MTD some of these records must be

Making Tax Digital (MTD) is a government initiative to modernise HMRC’s tax system, with the aim of making the whole process of administrating tax simpler and more efficient.

All of an individual’s or entity’s tax information will be in one place (the digital account) and tax will be paid based on

When you sell your home, you might reasonably expect to pay no Capital Gains Tax (“CGT”) on the disposal due to the Principal Private Residence (“PPR”) Relief.  And for most homeowners selling their home, that must be right as the PPR relief will exempt any gain from CGT if:

• the house has been

Background

The concept behind investing in a pension scheme is sound. You get tax privileges as you put money in and whilst you invest.  In addition, you only pay tax when you take money out and even then there is the tax free lump sum to be taken.

By adequately funding a pension scheme, it

When it comes to maximising your wealth and minimising your potential tax liability, there are a number of tax efficient options and schemes that you may want to consider. The right choice for you will depend on a variety of factors including your reason for investing, the amount of your investment

Increased tax investigation activity by HMRC

With more and more pressure being applied to HMRC to identify tax avoiders, and more resources being allocated to them in order to do so, the tax authorities are taking an increasingly robust approach to tax investigations and disputes.

If you are the

If you’re a resident foreigner (or non domiciliary) for tax purposes, you may be aware that some fundamental changes were brought in with effect from 6 April 2017. It’s a landscape that is continuing to change and, in this post, we summarise the three most important recent changes that may affect