Blog

  • How is Stamp Duty Land Tax calculated?
    11th September 2018

    How is Stamp Duty Land Tax calculated?

    Stamp Duty Land Tax (“SDLT”) was introduced in 2003 and replaced stamp duty for land transactions. SDLT potentially applies to any land transaction undertaken in England and SDLT arising on a transaction is paid by the acquirer of the land interest. In this blog Tim explains how SDLT works.
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  • Transfer pricing benchmarking reports
    30th August 2018

    Transfer pricing benchmarking reports

    Companies falling into the UK’s transfer pricing rules are required to apply arm’s length pricing in transactions with connected parties. In addition, such companies should have documentary evidence to support the arm’s length nature of the pricing adopted.
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  • How can I maximise Entrepreneur’s Relief (ER)?
    14th August 2018

    How can I maximise Entrepreneur’s Relief (ER)?

    One of the “Laws” of the unintended effects is Wethern’s Law which is more popularly known by the truism that “Assumption is The Mother of all Screw-ups”. In other words, Wethern’s Law (of Suspended Judgement) exhorts us to check and recheck, as the facts upon which we rely, and on which everything else revolves, have a habit of becoming untrustworthy. This is something that anyone who has been in business (or tax) should learn.
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  • What guidance is there for setting transfer prices?
    19th July 2018

    What guidance is there for setting transfer prices?

    Five methods are set out by the Organisation for Economic Co-operation and Development (“OECD”, an intergovernmental organisation of which the UK is a member) as potentially offering assistance in setting intercompany prices in order to meet the arm’s length requirement. In the UK, these methods are recognised and respected by HMRC and, in high level summary, are as follows.
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  • Shares on AIM and Inheritance Tax
    16th July 2018

    Shares on AIM and Inheritance Tax

    There is a belief that all shares on the Alternative Investment Market (AIM) are exempt from Inheritance Tax. I am sorry to say that whilst a lot of shares do qualify, there are a lot that do not.
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