November 12, 2019
It is less than 100 days until the Self Assessment tax return deadline of 31 January 2020, and HMRC are urging taxpayers to complete their tax returns early,…
November 7, 2019
Our EQ Taxperts recently completed a Research & Development (R&D) claim for a manufacturing client based in the East of Scotland, resulting in a client saving of £65,145!…
October 28, 2019
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...
“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.”
“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.”
“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.”