Business Asset Disposal Relief (BADR) is a discounted rate for Capital Gains Tax (CGT). This can significantly reduce your tax bill if you sell or wind up your company. To qualify for BADR you must meet certain criteria, including owning
The government has tried to stop people from building up a pension worth over £1 million. To do this they’ve introduced penalties of up to 55% for anyone who breaches the £1,073,100 lifetime pension limit. However, there are ways to
Bounce Back Loan Warning! The Insolvency Service will be given new powers to investigate directors of companies that have been dissolved. This will close a loophole previously used to avoid paying back Government-backed loans. These powers include harsher punishments for
Inheritance Tax planning can be overwhelming; how do you ensure your family or friends benefit fully from it? Fortunately, protecting your loved ones and assets is easier than you might think. What is UK Inheritance Tax? Inheritance Tax is
This page is not intended to constitute tax advice. The information provided in these documents are based on our understanding of current tax law; however, we do not represent or warrant the accuracy of the information contained herein, and any information provided may be incomplete or condensed. Furthermore, the suggestions contained within this document are for discussion purposes only and should not be relied on. You should seek formal tax advice before proceeding with any of the suggestions contained in these documents.