Monthly Focus
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MONTHLY FOCUS: BUSINESS ASSET DISPOSAL RELIEF FOR UNINCORPORATED BUSINESSES
Business asset disposal relief (BADR) doesn't only apply to shares, it can also apply to the disposal of an unincorporated business, i.e. a sole trade or partnership interest. How is the relief secured in these situations?
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MONTHLY FOCUS: TAX CONSIDERATIONS FOR HOME WORKERS IN THE POST-CORONAVIRUS ERA
Even though coronavirus-related lockdowns are now in the past, it appears that homeworking remains popular - even if it is only for one or two days a week. What are the tax implications here?
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MONTHLY FOCUS - FAMILY WEALTH PLANNING WITH CASH INVESTMENTS
There are numerous investments that you might make to build wealth for your family, for example property or playing the stock market. But if you prefer good old fashioned cash, what are your options and how can you structure things around family members to save tax?
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MONTHLY FOCUS: DIRECTORS' LOAN ACCOUNTS
A director’s loan account (DLA) is simply a record of transactions between a director or shareholder and their company. An overdrawn DLA, that’s one where the director owes the company money, can result in special tax charges for the director and the company. In this Focus, we look at the rules governing DLAs.
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MONTHLY FOCUS: HOW GOING GREEN CAN SAVE TAX
Tax incentives for environmentally friendly practices have been around for years. However, the way they are given has changed over the years. In this Focus, we explore some of the ways your business can save additional tax by making careful decisions about purchases and investments.
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MONTHLY FOCUS: INHERITANCE TAX PLANNING LATER IN LIFE
Inheritance tax (IHT) is perceived as one of the most unfair of all tax charges, as it’s levied on wealth accumulated during an individual’s lifetime, i.e. on income and/or gains that have probably already been taxed. It’s also due relatively soon after death, and as such can invoke strong feelings at an already difficult time. However, undertaking steps to reduce or remove the exposure to IHT is often left until relatively late. In this Focus, we start to explore strategies that are still effective later in life.