Posts Categorized: Friday Tax Tip’s

As a business owner, you might have considered gifting shares to your family members. But what are the tax implications of gifting shares to family in the UK? (3-minute read) We will cover: The main benefits of gifting shares to your family The tax differences between transferring shares to your spouse or to your children… Read more »

Jeremy Hunt announced a range of tax hikes and spending cuts as part of his plan to try and get the country’s debt-to-GDP ratio under control by the middle of the decade.   The overall package of tax hikes and spending cuts are designed to raise £55bn for the public purse.   (4-minute read) We will cover: The… Read more »

Our article shows you how to secure your family assets in a tax-efficient way. (3-minute read) We will cover: The benefits of setting up a Family Investment Company Changes to tax treatment of this type of company What is a Family Investment Company?  A Family Investment Company (FIC) is a private company whose shareholders are… Read more »

In this article, we highlight why Family Investment Companies (FICs) will help you protect your assets for your loved ones. (5-minute read) We will cover: What are Family Investment Companies? Why you should set up alphabet shares to retain control of the company What’s a Family Investment Company (FIC)?  Many families and High Net Worth… Read more »

You could have overpaid tax on withdrawing money from your pension. Read today’s article to find out how thousands of pension savers had a tax refund and how you could do it too. (2-minute read) We will cover: How pension savers overpaid tax from withdrawing their pension money Different forms to claim a refund explained… Read more »

You could have overpaid Stamp Duty! In today’s Tax Tip, we examine how HMRC’s pension error led thousands of people to pay SDLT out of their pension funds without being liable.  (3-minute read) We will cover: Why you should reclaim SDLT (Stamp Duty Land Tax) How HMRC’s information led to many overpaying SDLT Stamp Duty… Read more »

Our article explains in what situations you can claim Capital Allowance for your Property. (4-minute read) We will cover: What qualifies as Plant & Machinery in Capital Allowances How properties can be eligible to claim this tax relief What are Capital Allowances? Under the UK tax system, a tax relief called Capital Allowance may be… Read more »

How to reward and retain staff. (5-minute read) We will cover: Employee share schemes available in the UK The best way to go forward with share incentivisation What are employee share schemes? Employee share schemes, otherwise known as share incentivisation, is a way to motivate employees. With these schemes, employers can reward their staff with… Read more »

Find out if gifts to charity are exempt from Inheritance Tax, along with other situations that make you exempt or give you relief from IHT. (6-minute read) We will cover: What IHT reliefs are available The annual limits for tax-free cash gifts At a glance Firstly, there are various lifetime and death exemptions and reliefs… Read more »

Our article lists many examples of tax free benefits for employees. (3-minute read) We will cover: The advantages of rewarding your employees Some examples of benefits which are free of tax Tax free rewards for your employees What are the key tax-free benefits or ‘perks’ that can incentivise your staff?  You can provide an employee… Read more »