Tax information
June 1st, 2012
Entrepreneurs’ relief is available when certain business assets are disposed of, and reduces the rate of capital gains tax (CGT) to 10% from 28%. The relief applies to various types of business…
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June 1st, 2012
Capital Gains Tax (CGT) is often a tax that is forgotten about until an event takes place to remind us that it is there. This ‘event’ is usually the selling of an asset or assets. Invariably the…
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June 1st, 2012
This article looks at the two main tax problems for passing down the family home to your children, and offers some possible “workarounds” that may suit some readers and their families. There can…
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May 1st, 2012
In most cases, “business property” attracts 100% relief for the purposes of inheritance tax once it has been owned for two years, so if you own such property when you die, its value will not be…
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May 1st, 2012
The recovery of VAT on clothing bought for you and your staff can result in disputes with HMRC. They say that the VAT incurred by a taxable person on uniforms or protective clothing worn by…
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