Robert Young

Partner

“For those restructuring property portfolios into limited companies, remember the benefits of multiple dwellings relief, i.e. the ability to transfer residential properties at much lower Land and Buildings Transaction Tax (LBTT) rates assuming 6 or more eligible properties are transferred at the same time.”

Sandi Grubb

Manager

“The cost of materials can be permitted in R&D claims although only where those materials do not end up as part of a product or service sold for value.

Therefore consumable items within product testing will qualify for example.”

Cheryl Whitton

Supervisor

“Residency is an important factor when deciding which country a taxpayer should pay tax in and rules vary between countries. If you’re receiving foreign income and are a UK resident, you need to report your worldwide income in your UK tax returns.

Tax residence matters are important and neglecting issues when they arise can end up being incredibly costly. Speak to your accountant who can help with your worldwide tax position.”