Tax

• Facts Determine Tax Treatment of Dilapidations Payment

  • Posted31 October 2017

  Virtually all leases have clauses which stipulate that when the lease comes to an end, the tenant must leave the premises in the same condition as they were in when...

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• Furnished Holiday Lettings Face Tax Attack

  • Posted11 October 2017

  The United Kingdom has very favourable Inheritance Tax (IHT) treatment for the owners of business assets used in a trade and, in general, the value of these will be outside...

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• Intention the Key in Claiming Loss Relief

  • Posted22 August 2017

  Tax law allows trading losses to be relieved against other income in a variety of ways, and although there is complexity in that law, the principle that ‘losses can be...

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• No Money a Reasonable Excuse for Not Paying Tax

  • Posted1 August 2017

  HM Revenue and Customs (HMRC) are not known for being lenient when it comes to taxpayers who fail to pay taxes, and mere inability to pay tax when due is...

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• Payment for Removal of Personal Obligation Not a Deduction

  • Posted11 July 2017

  When a sale of shares in a company is in progress, there are often a large number of threads that have to be tied up and sometimes this leads to...

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• Get it Right or Else

  • Posted27 June 2017

  A recent case illustrates the sort of consequences that can arise from failing to take sufficient care over details when completing a claim for overpaid tax. The claim was...

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