Briefings

  • OTS recommendations on Inheritance Tax

    The OTS has published its second (and somewhat more interesting) report to the Government on measures to simplify inheritance tax (IHT). As you will see, while some of their recommendations represent simplification it is difficult to argue that some do not actually create complexity.
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  • Trouble ahead for farms and agricultural estates?

    In January 2018 the Chancellor asked the Office for Tax Simplification to look into possible simplification of the inheritance tax (IHT) regime. It has now released its second report, containing 11 main recommendations. Some of these are genuine simplifications of technical points and attempts to clear up uncertainties. However, others appear to have little to do with simplification, but are likely to have a substantial impact on certain businesses.
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  • Tax and the technology sector

    Various UK governments have looked to incentivise the technology sector through specific tax reliefs. In addition, various more general tax reliefs are often commonly seen in conjunction with either technology companies or investments into such companies. There are therefore many regularly encountered topics that need to be considered for either technology companies or their investors.
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  • Tax Planning Tips – April 2019

    Our Tax Tips will help you focus on your planning for 2019/20. With strategies you can put into practice through 50 handy, bite-sized tips.
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  • Selling your business

    Your business is great, it would be a lucrative purchase for the right buyer who can take it forward and reap the benefits of future ownership and control. You know that’s true, but how do you convince the buyer, which in turn helps you achieve the desired, higher, price for your business?
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  • Employee Share Schemes – what are they & why use them?

    Employee share schemes are an effective way to offer equity-related awards to employees. They can help you recruit, retain and incentivise employees by giving them a direct financial interest in the success of your company.
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  • Construction Industry scheme

    Under the Construction Industry scheme a Main Contractor is responsible for deducting tax on any payments made to Subcontractors.
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  • What is Split Year Treatment? And when does it apply?

    We explain what Split Year Treatment is and outline the eight scenarios when it might apply for a particular tax year.
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  • Social investment tax relief

    The Relief’s objective is to encourage private investment to plug the gap in funding that commercial investors and lenders were unwilling to supply to trading ventures with social objectives.
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  • Main Residence Relief from Capital Gains Tax

    Main residence relief goes back to the introduction of Capital Gains Tax (CGT) in 1965. Contained as it is in just seven sections in the legislation, it has been the subject of a number of decided cases in the Courts – and of a rather greater number of pronouncements on their practice from Her Majesty’s Revenue and Customs (HMRC).
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