In this article, we will explain how Business Property Relief works, what types of assets qualify for BPR, the types of businesses that can benefit from this relief, and the changes to BPR announced in the Autumn Budget 2024.
Read moreThis article explores how trusts work, the various types of trusts available, and how they can help mitigate inheritance tax. We will also examine the key considerations when establishing a trust for estate planning purposes and their potential limitations.
Read moreSignificant changes to taxation and an increase in wage inflation have resulted in a large tax burden for high earners in the UK. This article will explore strategies to minimise taxable liabilities while maintaining long-term financial security.
Read moreThe UK Labour Party has hinted at the introduction of a wealth tax. This article explores the concept of a wealth tax, how it could be structured, who might be affected, and its potential implications for individuals and businesses across the UK.
Read moreThis article will distinguish between Capitalisation and Expensing, how these two accounting treatments should be implemented, and their financial implications on your business’s financial reporting and corporation tax return.
Read moreThe UK financial system features a broad range of tax brackets, allowances and earnings thresholds that apply to both private
Read moreThis article provides a detailed exploration of the Cycle to Work scheme, including the tax benefits, accounting treatment, and the process for employers and employees.
Read moreExplore the complexities of the UK's non-domicile tax status with our comprehensive guide. This article explores non-domicile status and outlines the tax reliefs available for non-doms residing in the UK, including the remittance basis of taxation and Overseas Workday Relief.
Read moreWhat is IR35? Find out more about IR35 off-payroll working, including the changes that came into effect in April 2023.
Read moreIf you are selling a property in the UK that isn’t your primary residence, you will normally be required to
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