Business Asset Disposal Relief (BADR) Business Asset Disposal Relief, formerly known as Entrepreneurs’ Relief, offers a lower rate of Capital Gains Tax (CGT) when selling all or part of a business, shares in a trading company, or certain business assets. From 6 April 2025, the CGT rate under BADR is 14% — up from the […]
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There is now huge pressure on indebted landlords to incorporate their property businesses, to avoid the restriction on the deduction of interest and other finance charges which has applied since 6 April 2017. Where an actively-managed property portfolio is transferred to a company the gains arising maybe rolled into the value of the shares received, […]
We undertake Business Valuations for tax purposes and provide written reports, letters of opinion, independently review existing valuations and provide help on multiples, etc when appropriate. We prepare business valuations for a number of purposes including: Tax Covering Capital Gains Tax (CGT) including 31st March 1982 valuations for rebasing and indexation purposes, Inheritance Tax (IHT) and […]
There are so many challenges facing business these days and trying to resolve them without tripping up over the tax legislation is not always easy. We specialise in advising how to overcome these issues in a pragmatic and tax efficient manner. Have a look at some of the areas where we may be able to […]
Latest Reforms and HMRC’s Stance The UK’s R&D tax relief framework has undergone extensive reform in recent years, with the aim of simplifying the system, reducing abuse, and encouraging genuine innovation. These changes affect companies of all sizes and come with significant compliance considerations. Professional bodies, including the Chartered Institute of Taxation (CIOT), have been […]
The shareholders of a Company wishing to exit the business but wishing to ensure the continued independence of the company they may consider establishing an Employee Ownership Trust (“EOT”) The benefit to the shareholder is that subject to satisfying the requisite criteria he can sell his shares to the EOT and claim complete exemption from […]
Stephen was extremely thorough and produced a well honed and detailed, yet easy to read, report. The process was swift and virtually painless
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Asset Protection
The impact of the Coronavirus Pandemic (Covid-19) There is no doubt that the current trading environment continues to place considerable pressure on businesses. We have a number of clients, that are concerned about the impact on their businesses and the knock-on effect on assets, e.g. property, that they hold. Their concern is clear, if the […]
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Entrepreneurs’ Relief
Is the clock ticking ? Speculation is always rife before a Budget as to what the Chancellor’s speech might contain. This year, one of the front runners is the potential abolition of entrepreneurs’ relief. Indeed, the Sunday Times reported on 1 March 2020 that the new Chancellor, Rishi Sunak, will scrap entrepreneurs’ relief to ‘fund a spending […]
All three of the main Political Parties included a commitment in their pre 2019 General Election manifestos to either abolish or “review and reform” entrepreneurs’ relief (ER). This sounds like the death knell for ER to apply to the proceeds from company liquidation. There may be opportunities to take advantage of Entrepreneurs’ relief now to […]