Firm News

A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.

Divorce and the family home

Much is made of the reliefs available to spouses during the tax year of separation (see Separation & Divorce 6/3/19) but what about afterwards? Particularly where children are included in the family unit, property can be an important asset in any discussion. Who...

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Essex Business Soccer 6’s (EBS6) roundup 2019

As holders, Lambert Chapman entered a team into the second Essex Business Soccer 6’s (EBS6) that was held at Chelmer Park on 21 June. It followed a similar format to last year’s tournament with the sides being split into groups and then playing round robin matches...

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Inheritance Tax: Lifetime Gifts

The Office of Tax Simplification (OTS) have issued this month the results of a review of Inheritance Tax which was requested by the Chancellor in January 2018.  Their initial findings released in November 2018 determined that around 5% of all Estates each year are...

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Incorporating your Rental Business

With the introduction and growing restriction of the Mortgage Interest Relief for personal rental businesses, many individuals are considering incorporating. Although there are tax savings to be had by holding rental property in a limited company, it may not be a...

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Race4Business 2019

On 12th June 2019, Lambert Chapman LLP entered a team into the Race4Business event, a 3.5 mile run through Chelmsford, which was organised by Birketts to raise funds for the charity Little Havens. Twelve members of staff entered the run, a number of them hoping to...

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Divorce and the Family Business

In cases of divorce and the family business, we often find recognition of dividend income an issue when we are reviewing income levels reported on the Financial Statement (or Form E). Broadly a dividend becomes a taxable income for an individual when it is paid to him...

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The latest tax, employment, business and economic news affecting businesses and individuals alike.