Setting up a Limited Company in the UK: A Wise Business Move?

Setting up a Limited Company in the UK: A Wise Business Move?

When it comes to structuring your business, there are several options to consider – one of which is to establish yourself as a limited company. But, is this a wise business move? Ultimately, which structure you adopt depends on your

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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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Realistic New Year’s resolutions for your business

Realistic New Year’s resolutions for your business

‘New Year’s resolutions may be a little cliché, but we challenge you to think of them differently, as we head into 2022… Reframing New Year’s resolutions Is the real problem that the New Year’s resolutions we set ourselves are unrealistic;

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Stamp duty surcharge on non-resident property transactions

Stamp duty surcharge on non-resident property transactions

The government has issued draft legislation outlining how the two per cent Stamp Duty Land Tax (SDLT) surcharge will apply to non-resident property transactions. ‘Relevant period’ for stamp duty residence test From 1 April 2021, the number of days a

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Lifetime ISA withdrawals penalty temporarily reduced

Lifetime ISA withdrawals penalty temporarily reduced

The Government has confirmed that the penalty for early Lifetime ISA withdrawals has been reduced, in response to the Coronavirus pandemic. With thousands of individuals on lower incomes as a result, many are needing to access savings to support themselves.

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Civil partnerships and tax

Civil partnerships and tax

Mixed-sex couples in England and Wales have been able to register their intent to enter civil partnerships since 2 December 2019. This follows former Prime Minister, Theresa May’s announcement in October 2018, that the law would change. At time of

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Inheritance Tax and Estate planning: Why is it so important?

Inheritance Tax and Estate planning: Why is it so important?

UK Inheritance Tax (IHT) receipts are currently at an all time high, hitting a record £5.4bn in 2018/19, and only look set to grow again in the coming year. The nil-rate band (NRB), now in its tenth year of being

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