Inheritance Tax is charged on the value of assets and two important reliefs are available in the form of Business Property Relief (BPR) and Agricultural Property Relief (APR) which provide an exemption at either 100% or 50% on qualifying assets. Business Property...
Following the introduction of the tax relief restriction on finance charges for residential lettings, we often receive enquires asking “should I incorporate my property rental business?”. The restriction which has been introduced restricts the tax relief...
The Cycle to Work Scheme is an incentive scheme offered by the Government which allows an employer to provide a bicycle to an employee without a benefit in kind being assessed. Normally, it will be combined with a salary sacrifice scheme, whereby the employee reduces...
To ensure the highest value can be achieved on the disposal of a business, we recommend careful planning, in good time, is undertaken before there is any urgency for the sale to take place. We recommend that one of the initial considerations should be ensuring that...
Many businesses continue to make business acquisitions as part of their strategic growth plans. Reasons may include: To speed up growth. It may be argued that growing a business organically is slow and problematic. Diversification, which may allow risk to be spread...
An owner may decide to dispose of a business for a number of reasons. This may include for retirement, family reasons or due to trading or cashflow issues. The timing of the exit will be important. In addition the taxation consequences will need to be considered to...
