Cheryl Whitton

Supervisor

“Residential property landlords, due to legislative changes, have been reconsidering their business strategy.

In our experience, it’s first important to get the basics of ownership and expenses deduction right first before exploring more complex routes.”

Robert Young

Principal Manager

“If a business qualifies for Entrepreneurs’ Relief, a Capital Gains Tax rate of 10% will apply but there are several potential restrictions to avoid.

Review your existing ownership structure to ensure that your current arrangements meet the current criteria for securing Entrepreneurs’ Relief, particularly given recent changes.”

Rachel Bell

Principal Manager

“For larger, more profitable companies, the quarterly payment regime for corporation tax applies (if your annual taxable profits exceed £1.5m).

Avoid having unnecessary group companies as they can bring down this threshold and accelerate the date on which you pay corporation tax.”