Newsletters
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When can you claim BADR if you don’t own enough shares?
You want to raise capital for your company, but some shareholders are objecting because they say it will mean them losing business asset disposal relief (BADR). What’s the problem and how can you work around it?
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Property rental, getting married and a tax trap
Getting married or becoming civil partners has many tax advantages. However, for landlords it could result in higher income tax bills. Why, and what steps can you take to prevent this?
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Are you a limited cost trader?
Your business is a long-term user of the flat rate scheme and it saves you tax compared to normal VAT accounting. But have you correctly checked to ensure you are not a limited cost trader in some periods, with its punishing rate of 16.5%?
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Avoiding an IHT trap when borrowing money for a business
If a business owner dies, the value of the business interest forms part of their estate for inheritance tax purposes. Business property relief can reduce the taxable value to nothing, but this may not be the case if the owner has borrowed money to fund the business. How can this trap be avoided?
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Simplified motor deductions - use with caution
Unincorporated businesses are allowed to use simplified tax deductions for motor expenses. As you would expect they come with conditions and drawbacks. When and how can you use them?
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The tax pros and cons of benefits vs dividends
As an owner manager of a company, taking income from it in the most tax and NI-efficient way is probably near the top of your list. The general view is that dividends are the best option, but when might benefits in kind trump them?
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