In the Autumn Budget on 30 October 2024, Rachel Reeves made some significant changes to capital gains tax (CGT). The main purpose of this article is to explain some of the knock-on consequences that were not outlined in the speech, but I will also remind you of the headline changes. I will refer to business […]
BADR: The Long Goodbye? Read More »
Many readers will no doubt remember the ‘good old days’ when you could wind up a company, pay capital gains tax at only 10% on distributions from the liquidator (with the benefit of entrepreneurs’ relief) and then, if you wished and if practicable, you could start up a similar business in a new company –
Is the ‘Bogeyman’ Made of Straw? Read More »
Business property relief (BPR) is one of the more valuable tax reliefs available to business owners because it reduces the value of an estate for IHT purposes on both life and death transfers. The amount of BPR available is: 100% BPR for: an unincorporated business, such as a sole trader; an interest in an unincorporated
Business Property Relief – Be Aware of the Pitfalls Read More »
If you are an entrepreneur who is looking for ways to reduce tax bills, we have covered something for you that will help you a lot in this regard. Have you heard about entrepreneur tax relief yet or not? Well in a smile put it refers to a kind of tax relief that will make
Entrepreneurs’ Tax Relief : Everything you Need to Know Read More »
