David Morrison

Head of EQ Taxation

“Many successful businesses use surplus profits to invest in property, the stock market or other investments of their choice. That mix of trade and investment can inadvertently be a tax problem but not one which cannot be solved.

Our tip is to review your set up to ensure you and your business does not fall into this trap.”

Robert Young

Partner

“What’s the tipping point for incorporating a property portfolio?

The perceived tax saving when comparing Corporation Tax to higher rate Income Tax, and the flexibility of shareholdings for companies may be offset by the costs of incorporation such as professional fees, refinancing costs, Land & Buildings Transactions Tax (LBTT) and Capital Gains Tax (CGT). The trick is to match the savings against the costs to determine if it’s worth it.”

Dougie Rae

Partner

“Employee Ownership continues to gather momentum. This can be an excellent way in which a business can be transferred to a valuable workforce, tax efficiently for the seller, who can also remain as an employee and director, though they must give up control.

This is an option to consider carefully and our Taxperts can help you decide if it’s the right route for you.”