Tax

• HMRC Issue New Guidance on Business Asset Apportionment on Sale

  • Posted12 February 2014

  Selling their business is often the last big transaction a person undertakes, and is one which may have a very significant effect on their lifestyle in retirement. As well...

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• SDLT Avoidance Scheme Fails

  • Posted27 January 2014

  Although some law is ‘common law’ and some effectively the result of decisions of the courts, when law is in written form, the exact meaning of the words used is...

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• HMRC Announce Tax Purge on Landlords

  • Posted14 January 2014

  HM Revenue and Customs (HMRC) are to launch a nationwide campaign to recover an estimated £2.5 billion in tax being evaded by private sector landlords. Although the average tax...

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• House Used for Employee Accommodation is Business Asset

  • Posted27 December 2013

  The owner of a Chinese restaurant has succeeded in his claim that a residential property used to provide accommodation for the restaurant’s employees was a ‘business asset’ for the purposes...

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• Incorrect VAT Costs Barrister Landlord a Bundle

  • Posted25 November 2013

  VAT is a simple tax in principle, but it has many complexities. One that is frequently encountered by landlords is what the correct VAT treatment should be when services are...

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• Sport Sponsorship Not Tax-Deductible, Rules Tribunal

  • Posted28 October 2013

  When a rugby fan sponsored his local rugby club to the tune of more than £1 million over a decade and promoted his business by a variety of means through...

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