July 19, 2019
Scots are noted for their modesty, so much so that for many, doing business in Scotland remains a very well kept secret. Who knew that Scotland was a…
July 18, 2019
Our Taxperts recently completed a Research & Development (R&D) claim for a food manufacturing client based in East Scotland, resulting in a client saving of £29,013! Our client…
July 17, 2019
If you are a Solicitor or Estate Agent, you should be aware of the Non-resident Capital Gains tax (NRCGT) rules which may affect your clients. If you are…Read More...
July 3, 2019
From 6 April 2019, HMRC have extended their NRCGT rules, which previously applied to only residential property, to now include all property, including indirect disposal of property. To…Read More...
“With careful planning, and utilisation of reliefs and allowances available, there are ways to mitigate capital gains tax liabilities.
If you are intending on making a capital disposal, discuss this with your tax advisor in advance to ensure that the disposal is carried out as tax efficiently as possible.”
“Personal tax payments are due on 31 January and 31 July, and are typically based on what happened in the prior year.
If you have a major change in circumstances such as falling profits, cessation of business or pension contributions, then consider speaking to your tax advisor about whether these can be reduced.”
“Many businesses have valuable assets such as land & buildings, intellectual property, investments and cash which they would prefer not to subject to business risk.
Should your business be restructured to ensure that your key assets are ring fenced away from trading risk? Discuss this possibility with your tax advisor.”