Category Archives: Tax

A Picture of Hazel Johnson - Tax Director

There is likely to be some pressure on IHT reliefs in the future, perhaps seeing some restrictions being brought in

What is the Report into simplifying Inheritance Tax (IHT) from the Office of Tax Simplification (OTS) and what should you do?

Hazel Johnson - Tax Director - hjohnson@goodmanjones.com

Updated on 26th July 2019

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A Picture of Richard Verge - Tax Director

Previously only residential property had been within the charge to NRCGT, but from 6 April 2019 onwards the sale of any UK land and property by a non-resident will be subject to capital gains tax.

UK Commercial Property owned by non-residents

Richard Verge - Tax Director - rverge@goodmanjones.com

Updated on 25th June 2019

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Philip Hammond was only prepared to make a modest number of spending commitments in his Spring Statement

The 2019 Spring Statement – Summary

Richard Verge - Tax Director - rverge@goodmanjones.com

Updated on 26th April 2019

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We wish for a long period of calm and stability with minimal tax changes so we can plan for the future with certainty.

Spring Statement: A wishlist of what could have been included

Richard Verge - Tax Director - rverge@goodmanjones.com

Updated on 26th April 2019

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HMRC have the power to enquire into such Returns and accordingly an apparently successful claim may be challenged and fail once it has come under proper scrutiny. This might be an issue if you have already paid out on no win fee basis.

Stamp Duty Land Tax on purchase of more than one dwelling – Multiple Dwellings Relief Claims

Richard Verge - Tax Director - rverge@goodmanjones.com

Updated on 5th March 2019

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You should still review your position as shareholder and your company Articles to see if they satisfy this new test, but this is a welcome relaxation of the original proposals.

Entrepreneurs’ Relief Revisions now finalised

Graeme Blair - Partner - gblair@goodmanjones.com

Updated on 19th February 2019

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Each business should review its structure, past transactions and internal fund flows in order to determine the cost versus the benefit of no deal planning.

Possible Tax Impact of a No Deal Brexit on Groups

Graeme Blair - Partner - gblair@goodmanjones.com

Updated on 14th February 2019

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A Picture of Sharmeni Selbaraju - Audit Manager

Businesses that adequately plan and forecast for the future and get their business plans right are more likely to succeed in their objectives for creative growth through international expansion.

Thinking of expanding your creative business overseas?

Sharmeni Selbaraju - Audit Manager - sselbaraju@goodmanjones.com

Updated on 9th January 2019

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There is likely to be some pressure on IHT reliefs in the future, perhaps seeing some restrictions being brought in

SITR means that individuals can claim 30% of the cost of investing in a qualifying social enterprise

Previously only residential property had been within the charge to NRCGT, but from 6 April 2019 onwards the sale of any UK land and property by a non-resident will be subject to capital gains tax.

The new tax limits affect charities' small trading exemptions, Gift Aid Small Donations Scheme and Gift Aid Donor Benefits. Check you know the new limits.

Philip Hammond was only prepared to make a modest number of spending commitments in his Spring Statement

We wish for a long period of calm and stability with minimal tax changes so we can plan for the future with certainty.

HMRC have the power to enquire into such Returns and accordingly an apparently successful claim may be challenged and fail once it has come under proper scrutiny. This might be an issue if you have already paid out on no win fee basis.

You should still review your position as shareholder and your company Articles to see if they satisfy this new test, but this is a welcome relaxation of the original proposals.

Each business should review its structure, past transactions and internal fund flows in order to determine the cost versus the benefit of no deal planning.

Businesses that adequately plan and forecast for the future and get their business plans right are more likely to succeed in their objectives for creative growth through international expansion.