If you operate any share incentive arrangement or have issued shares, granted options or made other forms of share or loan note award to directors and/or employees during the 2016/17 tax year you must report such activity to HM Revenue & Customs by 6 July 2017.
Business property relief (BPR) is a relief from inheritance tax (IHT) at either 50% or 100% on trading business interests or assets owned by the person claiming the relief.
Trusts are tax efficient and afford flexibility to a person who wishes to pass assets to certain people during their lifetime or upon their death.
Setting up a family investment company (FIC) enables the founder to pass assets out of their estate for inheritance tax (IHT) purposes while retaining some control over them.
The purpose of this note is to assess the issues a landlord should consider before pursuing their tenant for compensation for dilapidations arising following the termination of an Agricultural Holdings Act 1986 (“1986 Act”) tenancy.
With the property market picking up across the country and interest rates remaining low, property development may seem like an attractive opportunity to make some profit.
People need space to live, businesses need space to work, technological advances mean that many businesses’ space needs are minimal. In an increasingly digital economy, certain businesses – especially fledgling or smaller businesses – can be run from a single laptop. This could be anywhere from a coffee shop to the entrepreneur’s kitchen table.
The government’s continued effort to stimulate economic growth and increase the supply of housing to meet a rising demand, has resulted in local authorities granting development rights over farmland on the edges of many towns and villages.
If someone makes a gift of an asset during their lifetime but continues to derive benefit from it or if the recipient of the gift does not enjoy possession of the gift, then it will be a gift with reservation of benefit.
Capital gains tax (CGT) is a tax on the profit when you sell or transfer something for increased value.