HMRC property discovery powers
Individuals and companies that pay taxes in the UK could potentially find themselves under investigation by HMRC. If you do find yourself under investigation, there is no need to panic.…
Why is the Moyne Ramsay ruling so important?
Moyne Ramsay v HMRCThe tax case involving Moyne Ramsay v HMRC broke new grounds concerning property investment, landlord activities and S162 incorporation relief. In simple terms, Elizabeth Moyne Ramsay and…
Slumdog or Millionaire?
Effective tax-saving strategies for small businesses operating in a tough economic climateSlumdog Millionaire or Slumdog? Rolls Royce tastes with Ford Fiesta income?Forget about lavish lifestyles, 2009 will be a year…
Tax efficient business sale
A client had a business that he proposed to sell for in excess of £3million. By utilising his non UK domiciled tax status, we set up a trust in the…
Structuring a property company to save tax
A client came to us who had a large property company. After exploring the way the company had been structured by the company’s previous firm of Chartered Accountants, we advised on…
Inheritance Tax Planning
Inheritance tax planning saves £124,000A client wanted us to do some inheritance tax planning on their estate. The client was a divorced man in his late sixties with one daughter and…
Reclassification of expenditure reduces corporation tax liability
A client came to us to handle the accounting and tax affairs of his property company. The company was making a loss, however the director expected it to make significant…
Capital gains tax on guest houses
At first glance, many people would consider the capital gains tax calculation on a guesthouse sale as reasonably straightforward. You need to consider the cost of the property, cost of…
Business or Russian Roulette?
Western businesses have an uphill struggle to get on in post-Communist Russia. Chris Wilkins reports.The papers are full of it; television documentaries extol it - Russia is the place to…
Taxing Times
In April, the Inland Revenue issued the new income tax self assessment forms which we all fully expected, but for which we are almost certainly unpreparedThere is something about the…