Tax Return Adviser Ltd
Newsletters
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Using CGT losses efficiently
An individual made capital gains from the sale of two assets and a loss from the sale of another. He also has brought forward losses. 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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Investing to save tax on gains
One of the tax breaks that can be claimed for making a qualifying enterprise investment scheme investment is the deferral of capital gains tax. How can this timing difference be turned into a permanent tax saving?
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Sharing a windfall - is there a tax cost?
A parent recently sold some assets and plan to pass part of the proceeds to their adult children. They're worried about possible inheritance tax (IHT) consequences but a friend has told them that they’re covered by the income exemption. Is this right?
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Inheritance tax: does the recipient need to pay?
A few years ago father made a gift of assets to his son to reduce his estate for inheritance tax (IHT) purposes. He recently died and his solicitor says that the son might have to pay tax on the gift. If there’s any IHT shouldn’t the estate pay it?
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Buying a commercial building: VAT savings
A company is about to buy the freehold of a new office for £250,000 plus VAT. They will trade from the commercial property and not rent it out or sublet it to tenants. What deceptively simple tips can save them money?
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Digital tax for companies - what’s on the horizon?
Making Tax Digital will be mandatory for corporation tax in a few years time. If a company is already following the MTD rules for VAT (MTDfV) purposes, isn’t that job done?