Documents for Business
In excess of 1,000 customisable documents covering every conceivable business issue.Search all documents in Documents for Business
Chattels checklist
Chattels checklistAnything moveable that is sold with a property is generally not considered to be part of it and so is not subject to stamp duty land tax (SDLT). The purchaser will save SDLT by allocating any of the purchase price to chattels. Equal... Read more
Product mix reconstruction
Product mix reconstructionWhen carrying out a business economics exercise, the tax inspector will often use an industry average mark-up of purchases to selling price to construct a sales figure. But this simple calculation doesn't take into account yo... Read more
Rental business employee's job description
Rental business employee's job descriptionYou can claim a tax deduction for the cost of paying someone, including a spouse or civil partner, to manage a property you let. HMRC may ask for details of their role so you need to justify paying them. Wage... Read more
Employees' incidental overnight expenses policy
Employees' incidental overnight expenses policyIf an employee has to stay away overnight on business, there are some tax and NI-free expense payments you can make. To achieve this you'll need to have a company policy in place to avoid an employee claim... Read more
Enquiry - notice out of time letter
Enquiry - notice out of time letterHMRC must send a formal notice if it intends to start an enquiry into a self-assessment tax return. It has a limited time to do this. Before responding to any questions asked by HMRC check that the enquiry notice ha... Read more
Claim for a capital loss for an irrecoverable loan to a trader
Claim for a capital loss for an irrecoverable loan to a traderIf you made a loan to a business which it cannot repay, the amount remaining outstanding may be treated as a capital loss. HMRC requires conditions to be met before it will accept the loss... Read more
Dividend waiver
Dividend waiverA dividend waiver is a document produced by a sharelder to show that they have given up (waived) their right to one or more dividends that they would otherwise be entitled to. A waiver can be used in income tax and inheritance tax plan... Read more
Lottery syndicate agreement
Lottery syndicate agreementAre you in a lottery syndicate? Did you know that any winnings (football pools, National Lottery etc.) by the syndicate leader are potentially chargeable to inheritance tax as part of their estate? So what do you need to pu... Read more
CGT rollover relief claim
CGT rollover relief claim When you've sold an asset that was used in your business, and this results in a capital gain, it's possible to defer or even avoid tax on this by claiming rollover relief. Selling a business assetCapital gains tax (CGT) applie... Read more
Company trading status report
Company trading status reportBusiness property relief is available on shares in unquoted companies if certain conditions are met. This means 100% of the market value of those shares will escape inheritance tax. However, HMRC can take this relief away... Read more
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