Directors’ loans – a word of caution

Directors’ loans – a word of caution

Director/shareholders have a unique position with their companies for tax purposes. Usually, they can decide when and how to withdraw funds from their business, but these withdrawals can have unforeseen tax effects. Salaries and dividends If amounts drawn are salaries... read more
Get Ready For Gifting This Christmas!

Get Ready For Gifting This Christmas!

As we enter the Christmas season, are you considering generous gifts for your loved ones? If so, we take a look at the implications for Inheritance Tax. With an eye to 2020, we’re also only weeks away from the deadline for filing your Tax Return. Gifts &... read more
Latest Changes to Private Residence Relief

Latest Changes to Private Residence Relief

In July the Government confirmed its plans to change the way that Capital Gains Tax (CGT) is calculated for properties that are part or fully let. Currently HMRC excludes the last 18 months of your ownership, even if the property is let in this time, when calculating... read more