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Thinned down relief?

Thinned down relief?

by Martin Craighan | May 23, 2023 | Latest Tax News, SAVE YOU TAX, Tax News, Tax Tips

The ‘excepted possessions’ policy, which restricts the amount of estate tax business property alleviation available in particular scenarios. Lots of company owner will be trusting the accessibility of business property relief (BPR) when they require it....
Sharing revenues around the family: A less-thanpositive result?

Sharing revenues around the family: A less-thanpositive result?

by Martin Craighan | May 22, 2023 | Latest Tax News, SAVE YOU TAX, Tax News, Tax Tips

Distributing business income around the family– with guidelines on how to do it as well as just how not to do it. A quite recent tax instance included earnings being distributed amongst family members, and also it did not go at all well for the taxpayer. This...
Profit extraction: Preparation ahead for 2023/24

Profit extraction: Preparation ahead for 2023/24

by Martin Craighan | May 22, 2023 | Latest Tax News, SAVE YOU TAX, Tax News, Tax Tips

Exploring the tax effects of taking dividends or a salary/bonus from a personal or household company A company is a different legal entity, and also if you operate your business as an individual or family company you will certainly need to draw out the earnings if you...

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