Category Archives: Tax Savings

How to (Legally) Pay No Tax on UK Property Development Profits!

This blog post provides an overview of how individuals can legally enjoy the trading profits from their UK commercial or residential development projects without suffering any UK tax costs. Planning Overview The planning (broadly) operates as follows: The property development … Continue reading

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Entrepreneurs’ Relief

Entrepreneurs’ Relief is available to individuals and some trustees in respect of capital gains made on the disposal of all or part of a business, business assets if the business has stopped trading and in certain cases shares owned in … Continue reading

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Business Premises Renovation Allowance – the basics

Business Premises Renovation Allowance (BPRA) was introduced by the Finance Act 2005 as an incentive to bring derelict or unused properties back into life. The BPRA was designed to run for a period of 5 years from 11 April 2007 … Continue reading

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Post Cessation Trade Relief – a consultation

On 12 January the Government via HMRC announced that it was to take immediate steps to counter tax avoidance resulting from post cessation trade relief. This relief arises when costs or bad debts are incurred which directly relate to a … Continue reading

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A fresh look at property

Mention devolution and thoughts inevitably turn to Scotland and the question of a possible referendum. Against this background and almost slipping under the radar, Wales is quietly increasing its own devolved powers. For example, from 31 December 2011, Wales took … Continue reading

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Taxing the perks

According to the Mail on Sunday, HMRC’s high net worth unit has a new target in their sights, the perks enjoyed by some footballers and their families. Whilst the provision of benefits to employees is a practice which has been … Continue reading

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EU Threatens Swiss deal

At the end of August we reported on the historic Swiss-UK tax deal which was designed to put an end to tax evasion via Swiss investments whilst maintaining the cherished secrecy of such accounts. This deal was structured to include … Continue reading

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HMRC targets those with homes overseas

The days when overseas property and investments were largely invisible to the UK tax authorities are well behind us. International treaties together with the availability of computerised records mean that HMRC are able to access vast amounts of information about … Continue reading

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Funding for films

The Prime Minister, David Cameron, has announced the extension of the film tax relief scheme until December 2015. The scheme, which in the past has helped to find projects such as the Harry Potter films and the currently in production … Continue reading

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VAT and Compound Interest

Those dealing with straightforward VAT input and output calculations may not be aware of the complexities of VAT when it comes to international transactions or the extent to which the European Court of Justice (ECJ) has an influence on more … Continue reading

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