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Latest News

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November 23, 2021

Foreign Income Nudge Letters

If you have overseas assets or income, you may receive a ‘nudge letter’ from HMRC asking questions to ensure that your tax affairs are in order. HMRC exchange…

November 19, 2021

LBTT And Other Transaction Taxes

When considering the purchase of property in Scotland, either commercial or residential, it is important to take into account not only the purchase price but also the associate…

Latest Publications

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November 9, 2021

Taxation News – Autumn 2021

Our Taxation News – Autumn 2021 edition is now available, featuring topical articles and news from our EQ Taxperts on a range of different areas including a review…

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October 28, 2021

Autumn Budget Summary 2021

On Wednesday 27 October, Chancellor Rishi Sunak delivered his Autumn Budget which detailed his plans to “deliver a stronger economy for the British people”. You can download our…

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July 22, 2021

Taxation News – Summer 2021

Our Taxation News – Summer 2021 edition is now available, featuring topical articles and news from our EQ Taxperts on a range of different areas including the Capital…

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Tax Tips

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David Morrison

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

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

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.”

Download our EQ app and keep up to date with tax news, changes and have access to our EQ Portal, tax calculators and key tax dates at your fingertips. Click on the relevant button on your device to download our free app.

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