Commercial or ‘non-residential’ property has specific tax rules, as well as exemptions and reliefs which you can apply for. Find out everything you need to know: (6-minute read) We will cover: HMRC rules and reliefs for stamp duty on commercial property How to navigate the stamp duty process Rules and regulations If you’re thinking about… Read more »
Posts Tagged: business
FIC LLPs (Part Two): Tax-Efficient Investments For Higher Rate Taxpayers
In this article, we look more closely at tax-efficient company structures for higher rate taxpayers, namely Family Investment Company LLPs. (4-minute read) We will cover: Why Family Investment LLPs are part of a tax-efficient strategy How these structures can help you save tax Tax-efficient investments for higher rate taxpayers: An introduction If you’re a higher-rate… Read more »
Family Investment Company LLP Tax (Part One)
Do you know the tax benefits of setting up a Family Investment Company LLP? Find out how it can benefit your business. (6-minute read) We will cover: The tax treatment of FICs and LLPs How a hybrid structure can benefit you and your family Family Investment Company vs LLP Tax A Family Investment Company (FIC)… Read more »
Slash Your Tax Bill With Your Furnished Holiday Let: Start Saving Today!
In this week’s Tax Tip, we’ll provide you with some important information about your Furnished Holiday Let (FHL) that could slash your tax bill. (3-minute read) We will cover: The potential tax advantages of owning a Furnished Holiday Let The requirements for a business to qualify as an FHL Furnished Holiday Letting (FHL) FHL is… Read more »
Family Investment Company vs Trust
A Family Investment Company vs Trust is a practical consideration when choosing the best way to manage family wealth and assets in the UK. While both structures offer benefits and drawbacks, choosing between them requires careful consideration and understanding of their key features. In this guide, we’ll explore the differences between FICs and trusts including… Read more »
Transfer Shares to Spouse
If you’re a business owner in the UK, you may be wanting to transfer shares to your spouse. Our article provides a brief overview on the tax implications of gifting shares, so you can decide whether it benefits you. (5-minute read) We will cover: The tax implications of gifting shares to your spouse/civil partner The… Read more »
Spring Budget 2023 Summary
In this article, we provide a summary of the Spring Budget 2023 for the UK. (8-minute read) We will cover: A summary of the most important changes in the UK Spring Budget 2023 How these affect you and your business CORPORATION TAXES • Corporation tax rate to increase to 25% as previously announced • R&D… Read more »
Being VAT Registered Is Killing My Business
9 Creative Ways to Slash Your VAT Expenses Is being VAT registered killing your business? Read on to find how you can make your business grow and avoid hefty VAT bills. (5-minute read) We will cover: The pros and cons of being VAT registered Easy ways to reduce your VAT bill The Reality: Being VAT… Read more »
End of Tax Year 2023 (2022/23) Planning Tips
With 2022/23 tax year almost over, it’s time to review the best tax-saving strategies. This comprehensive guide will help you make the most of the end of tax year 2023, and to keep these strategies in mind to enter 2023/24. (12-minute read) We will cover: Tax-efficient tips that cover different types of tax Practical steps… Read more »
How to appeal a tax penalty
This text guides on how to appeal a tax penalty in the UK, and includes specific information on different types of tax penalties. (3-minute read) We will cover: The step-by-step process of appealing a late tax penalty Different methods of appeal for different taxes The general process What are the steps to appealing a tax… Read more »