Businesses take years to build up with the owners spending the best part of their lives ensuring they are successful. But what happens when it is time to retire? An obvious solution is to pass on the company to family, but care should be taken to avoid a considerable tax bill.
In 2020 HMRC introduced a new system for paying capital gains tax (CGT) due from selling residential property in the UK, but many solicitors and estate agents are still unaware of the new requirements.
The Government has announced plans to relax capital gains tax (CGT) rules in divorce settlements, so spouses and civil partners will have more time to transfer their assets.
When completing the annual expenses and benefits return (P11D) you need to know what company-provided vehicles each employee and director used in the tax year.
It is time to report the expenses and benefits provided to employees during the year to 5 April 2022.
The 2022 Spring Statement was delivered on Wednesday 23 March. Here are five key takeaways from the Chancellor’s speech at Westminster.