In December 2014 HMRC introduced rules which blocked the tax break for sole traders and partners who were paid for the goodwill of their business when they transferred it to a company. How can you
work around the block?
Published 14.09.2018
A large tax-free loan account can be generated when a business is incorporated. However, the Taxman has learnt a new way to attack this and collect more tax. What do you need to be aware of?
Published 23.10.2008
Your business is growing steadily and your accountant has advised you transfer it to a company to save income tax. For maximum tax efficiency should you do this immediately or delay?
Published 08.09.2020
There are various tax pros and cons when transferring your unincorporated business to a company. One of the cons can easily be overlooked and involves inheritance tax (IHT). What is it and how can
you avoid it?
Published 02.11.2020
You’re considering transferring your unincorporated business to a company, primarily to save tax and NI. This can be done without triggering a tax bill but there’s more than one way to achieve this.
What are your options?
Published 07.09.2021
If you transfer your sole trader or partnership business to a company of which you’ll be a director shareholder, you might have to pay tax on the value of unsold stock. How can you avoid this
happening and save tax in the process?
Published 19.05.2016
It can be tax efficient on some occasions to transfer an asset to a connected party for a nominal sum (e.g. £1). However, as you’d expect, the Taxman may query this. What’s your best defence against
this?
Published 02.12.2004
The House of Lords has just finished its report on IR35 and recommended its reform. What changes are proposed and when are they likely to take effect?
Published 11.04.2014
If you are already in a business partnership, can you still incorporate to reduce your tax bill, even though the old 10% tax rate for companies is long gone? What is the best solution in today’s tax
world?
Published 11.09.2008
A colleague says they have just used a company formation agent to set up an offshore company in such a way that the Taxman can’t trace ownership back to them. How is this possible?
Published 13.09.2007