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
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
Transferring an unincorporated business to a company can produce immediate tax savings. The bad news is that HMRC has anti-avoidance powers to block these. What are they and how can you counter them?
Published 13.11.2019
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
As expected, the Emergency Budget saw the rate of Capital Gains Tax rise from 18% to 28%, but not for everyone. Only higher rate income tax payers will be hit, but are there ways even they can dodge
the increase?
Published 07.07.2010
In his Emergency Budget the Chancellor upped the rate of tax for capital gains, but not for everyone. The new higher rate is linked to the level of your taxable income; does this mean an income tax
deduction can also save you Capital Gains Tax?
Published 26.11.2010
Do you know how much Capital Gains Tax (CGT) you are going to pay for 2007/8? This tax year closes on April 5 and there is nothing you can do about it after that. So what should you be doing to
minimise your CGT bill?
Published 17.01.2008
In his recent speech, the new Chancellor has hinted at what’s to come in his emergency Budget. An increase in Capital Gains Tax is certain, but can you escape the rise by selling now, or is it
already too late?
Published 26.05.2010
New rules apply from April 6, 2008 on disposals of assets. However, sales made before that date will continue to be taxed under the existing rules. Should you sell now or later?
Published 08.11.2007
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