Treasury delays Loan Charge report

Treasury delays Loan Charge report

As a result of the impending General Election, the Government yesterday announced a short delay to the publication of the much anticipated loan charge report following the independent review into the controversial loan charge legislation. In a letter to Sir Amyas...
Selling off or developing your garden?

Selling off or developing your garden?

It is important to be aware of the tax traps and pitfalls involved when considering selling off or developing your garden. Over the years the trend has been towards smaller and smaller gardens, reflecting the increasing cost of land. Some, owning houses with...
Brexit Preparations, Deal or No-Deal

Brexit Preparations, Deal or No-Deal

In these very uncertain times, there is a possibility that the UK may be heading for a No-Deal Brexit. Our professional body, The Institute of Chartered Accountants in England and Wales (ICAEW) has brought together guidance around the issues you and your business may...
A game changer for Entrepreneurs’ Relief?

A game changer for Entrepreneurs’ Relief?

In the recent tax First Tier Tribunal (FTT) Potter case, it was ruled that the company activities were the key when determining whether it was a trading company for Entrepreneurs’ Relief, even when the majority of income and assets were derived from investment bonds....
Loan Charge review announced by Government

Loan Charge review announced by Government

After extensive lobbying by affected taxpayers, MPs and other interested parties the Government last week finally announced a fresh review of the controversial loan charge.  Whilst this is welcome, a healthy portion of scepticism is required as the make-up of the...