Blog

  • Robin beadle
    10th August 2022

    Financial Focus on Garden Tax Relief

    Whilst an Englishman’s Castle is often his Capital Gains Tax (CGT)-free home, it is not always the same for the garden. The garden size (including the footprint of the house) that is automatically exempt under the Principal Private Residence relief (PPR), is restricted to 0.5-hectare (approx. 1.25 acre in English) – and only then if the garden has not had any other (e.g.: agricultural or business) use.

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  • Robin beadle
    15th July 2022

    Financial Focus On Divorce

    “No Fault Divorces” were introduced on 6 April 2022. Since then applications for divorce have soared by more than 50%. With everything else that is going on during a divorce, don’t forget to think tax.

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  • 27th June 2022

    Tax Changes – A Timely Reminder

    As we are now part way through the 2022/23 tax year, I thought it would be a good time to remind you of some Government announced tax changes that have either recently taken effect, or will be coming in shortly.

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  • Robin beadle
    17th June 2022

    The Super Deduction

    The Capital Allowance “Super Deduction” was introduced for Limited Companies from 1 April 2021 and is available until 31 March 2023. It allows companies investing in qualifying Plant & Machinery to be able to claim either (up to) a 130% super-deduction capital allowance or a 50% first-year allowance for special rate assets.

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  • 10th June 2022

    Land Promotion – What are the key VAT considerations?

    Land Promotion Agreements have become a widely used model by landowners for delivering a maximised return for potential development land, by utilising a promoter to navigate the often-complex planning process to achieve planning permission and market the land ahead of an eventual sale.

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  • Photograph of Hugh Simpson
    9th June 2022

    The importance of cash flow forecasting

    “Cash is King” is a phrase often heard in business, the underlying meaning being that you can’t spend what you don’t have.

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  • Robin beadle
    20th May 2022

    New Current Year Basis

    For the self-employed and partnerships, whilst the tax year ends on 5 April annually, you are entitled to use whatever accounting year you like.  Put simply, the accounting year end that finishes in the tax year provides the assessed profits for that tax year.  This of course means that someone with a year-end of 5 April 2020 has his profits assessed in 2019/20 whereas someone making his accounts to 30 April 2020 has his profits taxed in 2020/21.

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  • 16th May 2022

    Business finance update

    Corporate Finance Manager Ben Croston, provides an overview of topical financial matters including the latest data release from the Office of National Statistics.

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  • 3rd May 2022

    Holiday let small business rate relief

    The letting of holiday accommodation in the UK continues to be a buoyant sector. Arguably it has been bolstered in the last few years by the pandemic, resulting in many people choosing to holiday in the UK rather than travelling abroad.

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  • 25th March 2022

    Capital Gains Tax Rollover Relief

    As rural businesses continue to evolve on the back of changing Government support payments and the ever changing economic landscape, we will continue to see continued property sales as rural businesses restructure for the future.

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