Entrepreneurs’ Relief Post Election?

Entrepreneurs’ Relief Post Election?

What will happen to Entrepreneurs’ Relief post Election? There has been plenty of media coverage of the spending and revenue raising plans contained in the main parties manifestos.  Our tax team have been considering whether there are steps that can be taken to...
Extracting capital from a company – GAAR panel opinion

Extracting capital from a company – GAAR panel opinion

The GAAR advisory panel has released an opinion into a share scheme designed to extract capital from a company in a tax free form. Craig Simpson, Tax Partner at Bates Weston, reviewed the panel’s announcement and commented: “Perhaps not surprisingly HMRC...
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...
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....
Inheritance Tax Planning After Death

Inheritance Tax Planning After Death

Is it too late for Inheritance Tax planning after death? The now famous quote from Benjamin Franklin that there are only two certain things in life: death and taxes still holds true. As tax advisors, we are often in a situation where we have to deal with both at the...