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
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
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
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
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
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
You’re thinking of developing/selling a new product in conjunction with a partner, who also has a limited company. The question is, what trading format should be used for this joint venture? Can tax
help you choose?
Published 22.11.2007
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
You’re thinking of buying another business and have been told the best way to do this is through a company. What’s the most efficient way of getting money into that company to fund this acquisition?
Published 13.04.2006