by Martin Craighan | May 22, 2025 | Accounting, CIS, Construction, HMRC, Latest Tax News, Property Tax, SAVE YOU TAX, Tax News, Tax Tips, Uncategorized
Lets takes a look at an uncommon win for the taxpayer in the construction industry scheme, and a potential lifeline for people caught out by it. The case of Beech Developments (et al.) v HMRC [2024] EWCA Civ 486 is most welcome for those businesses that catch a nasty...
by Martin Craighan | Mar 5, 2025 | Latest Tax News, Property Expenses, Property Tax, Uncategorized
When and how to report a gain on the disposal of a house and pay the associated tax. Not all residential property is equal when it comes to the tax treatment of gains. Establishing the scene Where a property is marketed or otherwise gotten rid of (e.g., offered to a...
by James Wallis | Feb 26, 2025 | Uncategorized
The implications and in particular the catches to avoid when moving property to close family members. Trap 1 - Stamp duty land tax: Gifts and debts One of the major traps involving stamp duty land tax (SDLT) can be caused when gifting property that is mortgaged....
by Martin Craighan | Jan 3, 2025 | Accounting, Digital Tax, Financial, HMRC, Latest Tax News, Salford Accountants, Tax News, Tax Tips, Uncategorized
Issues to be knowledgeable about when paying dividends to partners. When a couple runs a business together with a minimal company, proper tax planning would certainly dictate that both partners very own shares to obtain dividends.Incomes may or may not be paid as...
by Martin Craighan | Oct 8, 2024 | Uncategorized
Emphasizes of tax exceptions which can be used to provide tax-free benefits-in-kind to employees. The income tax legislation has a variety of exemptions for benefits-in-kind. By making use of exemptions, it is possible to improve an employee’s commission package...
by Martin Craighan | Jul 12, 2024 | Uncategorized
Selling a second home in the UK can be a financially rewarding experience, but it also brings with it important tax considerations, particularly in the form of Capital Gains Tax (CGT). Understanding how CGT applies to the sale of a second property is crucial for...
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