Webinar: Be a tax efficient business from inception to exit
We invite you to join us and Toby Hermitage, Tax Partner, at our webinar on 29 November 2023. Our webinar will focus on the key phases of a typical fast growth business and take you through a number of ways to optimise for tax to maximise your chances of success, including how to raise tax […]
Wills, IHT Planning and what the current intestacy rules could mean for those left behind
Written by Tax Partner, Michaela Lamb Intestacy Without a Will (or where the Will is not valid), the assets in your Estate will be distributed in accordance with the Intestacy Rules – please see here for our visual guide to this here. These rules are designed to ensure that members of your immediate family are […]
Webinar: Business tax refresher and planning
Register here We invite you to join us and Tim Palmer, Tax Consultant, at our webinar on 24th October for a business tax refresher and planning. During this session, Tim will be covering: Tax refresher and planning for self-employed clients and partnerships The switch to the fiscal year basis Capital allowances update Tax planning for […]
Leaving a Charitable Legacy
Written by Tax Partner, Michaela Lamb Many people make monthly or annual gifts to charity during their lifetime, and in doing so are able to take advantage of gift aid rules which help both the charity and them personally, with HMRC providing a generous benefit to both parties. However, far fewer people make a charitable […]
HMRC Enquiries & How to Reduce the Risk of Being Selected
HMRC enquiries can be time-consuming and stressful. We shall consider why they happen and what steps you can take to reduce your chances of being selected. Why Have I Been Selected? It could be as simple as HMRC randomly selecting your tax return, or it could be as a result of: Errors, inconsistencies, […]
Should I incorporate my buy to let property business?
Written by Tax Partner, Michaela Lamb Since the announcement made in the 2015 Summer Budget introducing a restriction on the tax relief provided on mortgage interest for individuals, the most common question we have been asked is “Should I incorporate my Buy to Let Property Business?”. Translated this is simply, “should I put my property […]
What is a Family Investment Company (FIC) and is it right for me?
A Family Investment Company (FIC) is a private company which is often used to move wealth to the next generation(s) without suffering Inheritance Tax (IHT), the FIC’s shareholders are family members. It can be used as an alternative to a family trust and acts to facilitate future succession planning. It is likely to appeal to […]
Stamp Duty Land Tax (SDLT) – A Beginner’s Guide
What is SDLT? SDLT is a capital tax payable by the purchaser of both freehold and leasehold interests in property and land situated in England or Northern Ireland. It is calculated by reference to a percentage(s) of the chargeable consideration. This would usually be the property’s purchase price though it can also include the release […]
Employee Ownership Trusts (EOTs) – Tax efficient exit and succession planning
Written by Tax Partner, Thomas Adcock What is an EOT? An EOT is a special form of employee benefit trust which was introduced by the Government in 2014 to further encourage and support employee ownership of UK trading companies, via an indirect holding. EOTs are an alternative form of company exit for shareholders […]
Q&A with Tim Palmer, our Gravita Tax Consultant and UK Tax Lecturer
Written by Tax Consultant and UK Tax Lecturer, Tim Palmer Tim lectures on tax extensively all over the UK. He is also our tax consultant. How did you build your career in tax? My Father, who was an accountant, always assumed and expected me to follow him into the accountancy profession, and he recommended […]