Capital Gains: Separation and transfer of assets

Capital Gains: Separation and transfer of assets

For separating or divorcing spouses, HM Revenue & Customs (HMRC) has announced important changes to Capital Gains Tax rules relating to transfer of assets. Currently, assets transferred between cohabiting spouses and civil partners are subject to “no gain or no

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VAT efficiency for cost-sensitive SMEs

VAT efficiency for cost-sensitive SMEs

The ‘charge and claim’ cycle associated with Value Added Tax (VAT) often becomes a routine part of running a business but, with VAT contributing significantly to Government’s annual tax receipts, opportunities to improve VAT efficiency should not be overlooked. Cash

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3 tips for choosing cloud accounting software

3 tips for choosing cloud accounting software

Cloud accounting software is not something that can easily be ignored by any business wanting to grow and succeed in the modern world. The benefits of embracing digitisation are extensive, the choice you have at your fingertips equally as vast,

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Why is a shareholders’ agreement so important?

Why is a shareholders’ agreement so important?

Where there are multiple shareholders in a limited company it is important to formalise the working arrangements in respect of the business, and to plan for all eventualities. Creating a shareholders’ agreement is a good way to do this. Although

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Non-domicile or non-sense

Non-domicile or non-sense

Once again, tax has been making the news with the Chancellor’s wife, Akshata Murty, dominating headlines as a result of her non-domicile status. The quality of the reporting I have come across on this topic, so far, has been poor

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Holiday lets: new rules to close tax loophole

Holiday lets: new rules to close tax loophole

The Government has announced the forthcoming introduction of new rules to prevent abuse of a ‘tax loophole’ associated with holiday lets. What is a holiday let? Holiday lets are properties let out, short-term, for the sole purpose of ‘holidaying’. Typically

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High Income Child Benefit Charge – are you liable?

High Income Child Benefit Charge – are you liable?

The High Income Child Benefit Charge (HICBC) appears to be hitting headlines again recently, and so we thought it a topic worth revisiting. The regime is coming under fire for failing to keep up with the times and effectively serve

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