Tax Return Adviser Ltd
Newsletters
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Using CGT losses efficiently
An investor made capital gains from the sale of two assets and losses from the sale of another. The gains are taxable at different tax rates. Can they use the losses to reduce the higher rate tax or how should they be allocated?
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HMRC challenges taxpayer’s employment claim
In a 2021 First-tier Tribunal (FTT) case, the taxpayer disputed HMRC’s assertion that he was self-employed rather than an employee. What key point can businesses take from the FTT’s ruling?
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Hidden benefit of the new extended loss relief
The new extended tax loss relief seems straightforward but a closer look reveals an opportunity for sole traders and business partners to save more tax than first appeared. How can they take advantage of this?
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Private residence relief and the former marital home
An individual recently married. He and his wife live in the property he owned as his home for several years. He wants to transfer a share of it to her. If they sell in a few years’ time, what will their respective capital gains tax (CGT) positions be?
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Don’t overlook fall in value relief for shares
An wealthy individual died in early 2021. In order to pay some of his debts, the executors are selling some shares. However, the coronavirus pandemic has led to a drop in the value of the portfolio. Why might this mean an inheritance tax (IHT) refund is due?
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Partially exempt businesses - saving VAT on recruitment costs
A partially exempt business needs an interim finance director for six months and a recruitment agency is proposing to charge an hourly rate plus VAT for the person’s services. Is there a more VAT-efficient way of structuring the deal?
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