Your business uses a property that you own. You’ve been told that when it comes to IHT you can leave the value of this out of the equation because it will be covered by Business Property Relief. But
can you improve on this?
Published 23.04.2009
With the property market slowing down in some areas, an investment in woodland has been suggested to you as an alternative. What, if any, are the tax breaks involved?
Published 28.09.2006
The home you inherited has now been sold for a tidy profit. In fact, so tidy that a substantial Capital Gains Tax (CGT) bill has landed in your lap. Do you just pay the tax or is there something
vital you should check first?
Published 02.05.2013
Tax legislation contains some complex rules intended to stop you avoiding tax by shifting income or assets to your family. But there’s one area in which this is positively encouraged. What is it?
Published 12.05.2010
Naturally, when you draw up your will you’ll want to do it in the most inheritance tax-efficient way, and allocating your assets to the right person is vital. With this in mind what’s the best
strategy for passing on the family business?
Published 12.06.2014
Your company has surplus cash to invest and a colleague suggests that woodlands are worth a look. Not only are the returns reasonable, but investment comes with tax incentives. Is it something to
consider?
Published 17.10.2012
Several years ago you and your sister inherited a joint share of two properties. You want to sell one as you need cash, but your sister won’t agree to it, mainly because she doesn’t want to pay tax
on the capital gain. What’s the solution?
Published 03.09.2018
HMRC recently updated its toolkit on the different tax treatment of capital and revenue expenses. But what it doesn’t tell you is that some capital costs are never tax deductible. How can you improve
your chances of qualifying?
Published 16.07.2013
Our subscriber’s business no longer needs such a big premises so he wants to downsize. Despite current market conditions, he expects to get more for the property than he paid for it. Can he avoid a
tax bill on the capital gain?
Published 28.05.2020
Our subscriber recently sold a field and made a substantial capital gain. The land was inherited from her father and until now used by her brothers in their farming business. Is there any tax
planning she can do to reduce the tax on the gain?
Published 06.02.2024